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EURUSD: Daily update & Intraday Analysis

The U.S. dollar was on track to record a weekly fall for the first time in 2024 on Friday, as investors took a breather after subsiding expectations for future Federal Reserve rate cuts drove the greenback up.

Meanwhile, the yen sagged and headed for a fourth weekly drop as investors chased better yields just about everywhere else, wagering Japan’s rates would stay near zero for some time.

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