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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 02/Jan 12:35

Euro under pressure, dollar clings to fresh gains

The euro-dollar currency pair trades vulnerable and holds near a more-than-a-month low at around 1.0350 on the first trading day of the year. EURUSD skates on thin ice as the dollar clings to a more than two-year high, with DXY Dollar Index trading around 108.50 on optimism that the Federal Reserve will reduce interest rates less than previously anticipated this year. The Fed cut its key borrowing rates by 100 basis points (bps) in 2024 as policymakers were more worried about higher risks to employment than upside risks to inflation. However, they have guided fewer interest rate cuts for this

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