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May 8, 2025

EUR/USD Declines as US Dollar Gains Ground

The EUR/USD pair has slipped below 1.1300 during today’s European trading hours. The downturn comes as the US Dollar shows slight gains in reaction to the Federal Reserve’s signals of maintaining current interest rates. The Federal Reserve left rates unchanged between 4.25% and 4.50%. Market participants are closely watching developments in the US-UK trade negotiations, which could further impact the currency pair.

EUR/USD analysis

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