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EURUSD Surges as Powell Ambiguity and Soft US Data Rekindle Fed Cut Bets

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The Story

News Summary

  • Soft US economic data and dovish Fed signals weakened the dollar, lifting Asian equities and fueling bets on October rate cuts, supporting risk assets and prompting demand for currencies like the euro against the greenback.
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Stored market data

EURUSD price history

1.16 +0.00% over the displayed period

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