💱Euro/US Dollar FX Spot Rate
EURUSD
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US inflation data prompts repricing of Fed rate hike expectations, weakening the Dollar and strengthening the Euro.
Impact on assets 1
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The Euro edged higher against the US Dollar on Thursday, testing the top of its recent range at 1.1485. The move came as the Dollar weakened following US inflation data that prompted a significant repricing of near-term Federal Reserve rate hike expectations.
US inflation data prompts repricing of Fed rate hike expectations, weakening the Dollar and strengthening the Euro.