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EUR/USD Dips After Fed 25bp Cut as Powell's Caution Temporarily Boosts Dollar

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The Story

News Summary

  • The euro hovered near $1.18 after four-year highs as the Fed cut 25bps and signaled more easing, while Powell's caution pushed the dollar firmer.
  • The ECB held rates and euro-area inflation eased to 2.0%.
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EURUSD price history

1.15 -1.71% over the displayed period

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