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EURUSD: Intraday update & Forecast

Markets await policy announcements from New Zealand, Canada and the European Union this week, but Wednesday’s U.S. CPI data is deemed the most likely to generate additional FX volatility.

More demand and implied volatility premium for options with expiries falling just after the U.S. CPI data highlight its importance to the U.S. Federal Reserves policy outlook and the wider FX market.

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