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EURUSD: Intraday Analysis & Short Term Forecast

The euro bounced back toward the $1.1 mark as investors processed a slew of inflation and PMI data, alongside the Federal Reserve’s December meeting minutes.

France’s latest CPI report revealed a softer-than-anticipated uptick in December’s inflation rate, climbing to 3.7% from November’s 3.5%, while the EU-harmonized index matched expectations, rising by 4.1% year-on-year.

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