EUR/USD managed to regain balance and leave behind Wednesday’s deep pullback, revisiting the 1.1190 region on the back of renewed and marked downward bias in the US Dollar (USD) on Thursday.
EUR/USD resumed the weekly uptrend and faltered ahead of 1.1200. The US Dollar succumbed to the better tone in the risk complex. Chinese officials announced another set of stimulus early on Thursday. EUR/USD managed to regain balance and leave behind Wednesday’s deep pullback, revisiting the 1.1190 region on the back of renewed and marked downward bias in the US Dollar on Thursday.
Turning to the European Central Bank , it's noteworthy that the decision to ease monetary policy last week was influenced by their assessment of inflation and economic conditions. While the ECB did not explicitly signal a rate cut for October, it acknowledged that domestic inflation remains high.
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