EUR/USD STRUGGLES TO MAINTAIN GAINS AFTER BREAKING 1.0300

Tina Collins

16 Jan 2025 — 1 min read

EUR/USD STRUGGLES TO MAINTAIN GAINS AFTER BREAKING 1.0300

EUR/USD briefly moved above 1.0300 but failed to hold.

US Dollar fell below 109.00 after US CPI data but rebounded later.

Investors are now focusing on US Retail Sales and weekly jobs report.

EUR/USD slipped to 1.0280 after a late recovery in the US Dollar.

US Dollar Index dropped below 109.00 but regained strength by day's end.

Investors are speculating about a potential rate cut by the Fed, though the chance is low (3%).

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BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY

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