Euro slightly above 1.0400 against USD, influenced by ECB rates and US economic data.

The EUR/USD exchange rate is trading narrowly above 1.0400, influenced by cautious comments from ECB officials and pending US economic data. The Euro faces downward pressure due to potential interest rate cuts by the ECB, while the US Dollar benefits from strong economic data and rising Treasury yields. Technical levels suggest the pair could move within a tight range until after the New Year, with key support and resistance zones at 1.0400 and 1.0470, respectively.

3 months ago
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