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EUR/USD Holds $1.1306—Market Eyes ECB Cuts and Trump’s Trade Standoff
EUR/USD Holds $1.1306—Market Eyes ECB Cuts and Trump’s Trade Standoff
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The EUR/USD pair trades at $1.1331, down from April’s $1.1559 peak, as mixed macroeconomic signals and geopolitical tensions weigh on sentiment. Traders are pricing in a potential ECB rate cut by June, following dovish remarks from policymakers.
US dollar stability faces headwinds as conflicting narratives emerge on US-China trade talks. President Trump’s assertions clash with Beijing’s denials, injecting volatility into currency markets.
Technically, the pair approaches a critical support level at $1.1306. market participants are positioning for either a rebound or breakdown, with the outcome likely to dictate short-term trading strategies.
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