EUR/USD is the exchange rate between the euro and the US dollar, the most heavily traded currency pair in the world.
The euro is being influenced by uncertainty around the ECB’s upcoming July meeting and a recent senior appointment, while the dollar is reacting to an overhaul of the Fed’s preferred inflation gauge and reassessment of rate hike bets. German business bankruptcies are also adding to eurozone growth concerns. These mixed signals from both central banks are keeping EURUSD range-bound.
Updated 1 hr. ago
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