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EURUSD Advances on US Labor Weakness as BoE Holds Rates Tight

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

News Summary

  • EURUSD strengthened 0.49% amid a weaker US dollar after disappointing US labor data and expectations of Fed rate cuts.
  • The BoE held rates steady, boosting GBP, while Wall Street tech stocks declined on concerns over valuations and economic uncertainties.
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EURUSD price history

1.15 -0.86% over the displayed period

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