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EURUSD: Daily Analysis & Intraday update

The euro dipped below $1.08 at the close of March, touching its weakest level since February 19th and setting course for a near 2% quarterly decline against the US dollar, as investors tempered their expectations for significant interest rate reductions by the Federal Reserve, prompted by robust US economic indicators and cautious remarks from central bank officials.

Fed Governor Christopher Waller emphasized on Wednesday that there’s no urgency to slash the policy rate, citing inflation persisting above the bank’s target, though he didn’t rule out potential rate adjustments later in the year.

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