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Eurozone Momentum & Weaker Dollar Propel EUR/USD Above 1.17

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The Story

News Summary

  • The Euro strengthened above $1.170, reaching multi-month highs, supported by improving Eurozone business activity and a weaker US dollar following the US Treasury's bond buyback decision.
  • Despite a slight dip in inflation expectations, ECB rate hike expectations remain.
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Stored market data

EURUSD price history

1.15 -0.86% over the displayed period

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