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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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Euro-Dollar Tests 1.05 Before US Inflation Data and ECB Rate Decision

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The EUR/USD pair steadied near the 1.05 mark as traders awaited critical US inflation data and the European Central Bank’s upcoming policy decision. This level, a key support area, reflects cautious optimism amid broader market uncertainty about monetary policy trajectories.

The US CPI report, expected to highlight inflationary pressures, could reshape expectations around the Federal Reserve’s next moves. Meanwhile, the ECB’s rate announcement remains in focus, with officials facing a delicate balancing act between combating inflation and supporting a fragile eurozone economy. A hawkish stance could lend temporary support to the euro, while softer tones might intensify pressure on the pair.

Markets are keenly attuned to both events, which could define risk sentiment and currency dynamics for weeks. As traders navigate these pivotal moments, volatility is anticipated to surge, potentially breaking the current tight trading range.

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