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EUR/USD falls to session lows following dovish ECB minutes
The latest ECB minutes taken from their last policy meeting have just been released and that has dented the EUR/USD. The Euro has just now fallen to a fresh session low under 1.0270. The drop comes as the USD/JPY rises back above 156 and the GBP/USD has just dipped under the 1.22 level. The minutes from the ECB are relatively dovish in tone and that has re-invigorated the prospect of further rate cuts in the first half of 2025. This is clear what has helped to push the Euro lower versus the dollar and a bit lower versus the Pound right now. The fall to session lows comes ahead of the US data drop at 1.30pm GMT and hence could be reversed, if that data disappoints. The EUR/USD is right now at 1.0268
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