EUR/USD faces downward pressure after ECB’s Villeroy highlights the necessity of rate cuts to achieve inflation targets.
Strong US economic performance, highlighted by revised GDP growth and sustained labor market tightness, supports the Dollar.
Market anticipation grows for the upcoming US Core PCE price index, with potential implications for Fed's monetary policy.
The Euro extends its losses against the US Dollar, with the major diving below the 1.0800 figure, following dovish comments by European Central Bank (ECB) policymaker Francois Villeroy. The EUR/USD trades at 1.0787, down 0.37%.
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