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EURUSD Rallies on Powell Caution and Rate-Cut Hopes as Jobs Report Looms

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The Story

News Summary

  • University of Michigan sentiment was mixed while inflation readings cooled.
  • Powell’s cautious tone and softer talk on rate cuts keep rate-cut hopes alive, with markets focused on next Friday’s US jobs report and mixed Treasury auction signals.
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EURUSD price history

1.15 -0.86% over the displayed period

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