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EUR/USD holds gains above 1.0400 as rising odds of the ECB delaying further rate cuts
EUR/USD appreciates as traders expect the ECB to delay its further rate cuts due to a recent uptick in inflation. ECB’s Holzmann said that Trump’s tariffs lead to a slowdown in growth overall, but also create inflationary pressure.” The latest FOMC Dot Plot anticipates only two rate cuts, down from the previously forecasted four. EUR/USD…
