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EURUSD: Daily Analysis & Short Term Forecast

Having resolutely bet on EUR/USD rising since September 2022, traders may well sell short in the wake of CPI data that favours a widening of the interest rate differential that is weighing on the pair.

This year the interest rate gap in favour of the U.S. currency has widened from around 1.5% toward 2%, and that gap is expected to hold throughout 2024.

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