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November 27, 2024

EUR/USD Holds Steady as Traders Await Key US Data Releases

EUR/USD maintains stability around 1.0483 as traders digest the latest FOMC minutes. The Federal Reserve indicated a potential pause in rate cuts if inflation picks up again. It is also ready to continue easing if economic indicators show signs of weakness. Traders will closely watch upcoming US data for insights that could influence the currency pairโ€™s direction. Analysts believe that market confidence remains cautious as the economic landscape evolves. Stay tuned for further developments that could impact the euro’s performance.

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