Day: May 24, 2024

Euro Gains Ground on Upbeat PMI, ECB Rate Cut in June Likely

EUR-USD-article image

The EUR/USD currency pair is trading firmly above 1.0800, buoyed by positive economic data from the Eurozone. Eurozone Strength: ECB Policy Stance: Technical Analysis (EUR/USD): Possible Scenarios: The EUR/USD is likely to maintain its upward trajectory in the near term, supported by the positive PMI data and the prospect of an ECB rate cut in […]

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