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EUR/USD loses some ground after Eurozone CPI data

In part, this looks to be a bit more of a dollar move as the greenback is also holding decent gains now against the pound, franc and loonie as well.However, there might also be a little something to it with the Eurozone CPI data earlier - which showed slightly softer core prices. Bond yields have unsurprisingly fallen back after the data release. But the fact that it doesn't give the euro a reason to rally i.e. no panic for a 50 bps rate hike is reason enough for traders not to pile on the miser... Read More

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Content Topics

Eur

Usd

Loses

Some

Ground

After

Eurozone

Data

Eur usd

Forex

Posted: May 2 2023, 10:15

Author Name: forexlive

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