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EURUSD: Intraday Analysis & Forecast

The euro stabilized above the $1.09 mark as investors digested remarks from various ECB policymakers throughout the week, while reducing expectations that the US Federal Reserve would imminently begin cutting interest rates following a hotter-than-expected US inflation print.

ECB President Christine Lagarde stated on Thursday that the “hardest and worst bit” concerning inflation was likely behind us, emphasizing that interest rates would be cut if inflation were to fall to the 2% level.

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