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May 5, 2025

EUR/USD Drops to 1.1300 as Traders Await Critical US PMI Data

The EUR/USD is starting the week on a weaker note, trading close to 1.1320 during the Asian session on Monday. Recent news from US President Donald Trump confirmed that he will not seek to remove Federal Reserve Chair Jerome Powell before his term concludes in May 2026. Traders are now eagerly waiting for the upcoming US ISM Services PMI data to gauge market sentiment and potential moves in the Euro.

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