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flag EUR/USD near 1.1600 as Fed rate cut expectations rise and ECB may pause cuts.

flag EUR/USD held steady near 1.1600 amid cautious markets ahead of Eurozone inflation data, with expectations for a Federal Reserve rate cut in December rising to around 87%, weakening the U.S. dollar. flag The euro gained on dovish Fed signals and signs the European Central Bank may end its rate-cutting cycle, while mixed economic data and upcoming U.S. reports like the ISM PMI will likely influence the pair’s direction.

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