EUR/USD HOLDS GROUND AMID ECB DOVISH SIGNALS

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  • EUR/USD slightly down finding support despite ECB's dovish turn and mixed signals from Fed officials.
  • ECB officials signal potential for June rate cut, adding a dovish tone to policy outlook amidst wage inflation discussions.
  • Market awaits core PCE inflation data and GDP figures in the US, with Fed's divided stance on rate cuts in focus.

The Euro trims some of its earlier losses against the US Dollar but stays in the red, as the EUR/USD trades at 1.0227, down 0.03%. Recent European Central Bank (ECB) dovish comments contradict the division amongst US Federal Reserve policymakers, who remain looking for evidence of the evolution of the disinflation process.


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