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EURUSD: Intraday Analysis & Outlook

The euro was down at $1.08, hovering around its weakest level since December 12th, as investors digested a slew of economic data, including fourth-quarter GDP figures for the Eurozone economies, while awaiting the Federal Reserve’s monetary policy decision later this week.

The latest reports revealed that Germany contracted in the final three months of 2023 and France stagnated, while both Spain and Italy’s GDP growth rates beat expectations.

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