Forecast for EUR/USD on April 29, 2024

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29.04.2024 06:00 AM

EUR/USDOn Friday, the euro fell by 36 pips on significant trading volumes. The reason behind this was the US inflation data, as US PCE inflation rose by 2.7% YoY in March, compared to 2.5% prior. So now the market only expects one rate cut from the Federal Reserve this year, which has a 60% chance.Concerns have intensified, as some believe a potential rate hike may happen by the end of the year (in December), especially since the Fed has suggested

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