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Recovering euro keeps dollar gorilla from scuppering ECB rate outlook

Recovering euro keeps dollar gorilla from scuppering ECB rate outlook
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EUR/USD descends to lower 1 0700s after strong US data

EUR/USD falls to the lower 1.0700s on Tuesday after more strong US macroeconomic data supports the US Dollar (USD), pushing down the probability of the US Federal Reserve (Fed) cutting interest rates by June to close to 50%.

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