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EURUSD Dips on Fed Rate Cut Hopes Amid Inflation Data and Geopolitical Risks

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

News Summary

  • U.S.
  • inflation easing raised hopes for Fed rate cuts, but dollar gains moderated, and EURUSD dipped.
  • Geopolitical tensions and bank earnings uncertainties kept markets cautious, while oil surged on Iran unrest, impacting currency and equity sentiment.
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EURUSD price history

1.16 +0.00% over the displayed period

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