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Euro/dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve next month. Attention is also geared towards Fed Chairman Jerome Powell’s upcoming remarks at the Jackson-Hole symposium on Friday. Market […]

The post EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts appeared first on Action Forex.

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