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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 22/Oct 10:52

Euro vulnerable on firm Dollar, ECB dovish bets

EURUSD is trading close to a fresh 11-week low near the round-level support of 1.0800 in Tuesday’s European session. The major currency pair is under pressure due to multiple headwinds, such as escalating European Central Bank dovish bets and a firm US Dollar. Traders have priced in the ECB to cut interest rates again in the December meeting, as growing risks to Eurozone’s economic growth are expected to keep inflationary pressures within striking distance of the central bank’s target of 2%. This would mean the fourth interest rate cut by the ECB this year. Data released on Monday showed that

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