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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 10/Dec 13:40

Euro slides on ECB dovish bets, US inflation in focus

EURUSD slides to near 1.0530 in Tuesday’s European session as investors turn cautious ahead of the European Central Bank monetary policy meeting on Thursday. Traders have priced in a 25-basis points (bps) reduction in the Deposit Facility Rate to 3%. This would be the third interest rate cut decision by the ECB in a row. Market experts assume that a slew of factors, including Donald Trump’s victory in the US presidential elections, political turmoil in France and Germany, and a sharp slowdown in the Eurozone business activity compelled financial markets to factor in an interest rate reduction in the policy

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