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EURUSD Slumps as Fed Rate Hike Bets Bolster Dollar Strength

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

News Summary

  • The dollar reached one-year highs as markets price in Fed rate hikes.
  • Consequently, the euro slipped below $1.14 amid reduced expectations for European Central Bank tightening, creating significant bearish pressure on the EURUSD pair as global sentiment shifts toward a stronger USD.
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EURUSD price history

1.16 +0.00% over the displayed period

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