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EUR/JPY bounces back strongly as ECB signals pause in current policy-easing cycle

Summary by Bitcoin Ethereum News

The post EUR/JPY bounces back strongly as ECB signals pause in current policy-easing cycle appeared on BitcoinEthereumNews.com. EUR/JPY claws back early losses and turns higher to near 166.60 as the Euro outperforms. ECB officials have signaled that the monetary-easing cycle has come to an end. The safe-haven demand for the Euro has increased, being a liquid alternative to the US Dollar. The EUR/JPY pair revisits the seven-month high near 166.60…

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fxopen.com

European Currencies Hit Yearly Highs

European currencies, particularly EUR/USD and EUR/JPY, are showing strong gains amid a notable weakening of the US dollar. Pressure on the greenback intensified following the release of a series of disappointing macroeconomic indicators. In May, the core Consumer Price Index (CPI) rose by just 0.1% — well below expectations — while the headline CPI came in at 2.4% versus a forecast of 2.5%.An additional factor was the slowdown in producer-level …

3 days ago

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