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EURUSD Soars on Weak US Data and Fed Rate Cut Bets While GBPUSD Inches Higher

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Weak US data and dovish Fed expectations weigh on the dollar, boosting the euro and yen amid rate hike speculation, while sterling gains near monthly highs.
  • Fed rate cuts appear likely next week, contrasting with cautious Bank of Japan moves and stable ECB outlook.
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EURUSD price history

1.16 +0.00% over the displayed period

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