Dollar retreats after CPI release; euro gains ahead of ECB decision

EUR/USD rose 0.2% to 1.0745, continuing its climb from last week’s three-month low of 1.0686 as traders positioned for the ECB’s latest interest rate decision, due later in the session. The central bank was widely expected to pause its rate-hiking cycle after President Christine Lagarde hinted at such a move in late July. However, expectations have since moved more towards […]

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