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June 3, 2025

EUR/USD Gains as US Dollar Weakens Due to Disappointing Data

The EUR/USD currency pair experienced an upward trend, rising to 1.1418 before reaching a temporary pause. The recent shift in market sentiment is driven by bearish views on the US dollar, sparked by the release of disappointing macroeconomic data. Additionally, escalating trade tensions contribute to the cautious outlook on the dollar. Traders should remain alert as ongoing developments affect the foreign exchange landscape. This volatility presents opportunities for savvy investors in the currency market.

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