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Euro surges broadly today after Eurozone inflation data showed larger than expected re-acceleration in May. While this increase doesn’t shift the consensus that ECB will proceed with a rate cut next week, it significantly dampens any remaining expectations for a subsequent cut in July. Market speculation now leans towards the possibility of only two ECB […]

The post Euro Rallies on Inflation Surprise, US PCE Data Bolsters Stocks appeared first on Action Forex.

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