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- EUR weakens amid falling bond yields; remains supported by monetary policy divergence.
- ECB to tighten monetary conditions despite the Eurozone recession.
- Upcoming US CPI data could set the stage for a surprise at the FOMC meeting.
EUR/USD reversed its course after Thursday’s jobs report in the United States (US) justified the Federal Reserve (Fed) view for skipping a rate hike. Additionally, recent data from Canada pointed to a softening labor market, atoning with recent unemployment claims in the US. The EUR/USD is trading at 1.0753, down 0.26%.
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