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EUR/USD

The most commonly traded currency pair will be in focus once again on Thursday. German Consumer Price Index inflation data could be critical to the ECB making any amendments to their current stance on monetary policy. The lack of expectations for the ECB to amend its current monetary policy has kept the euro pinned down near 18-month lows against the greenback. A strong set of inflationary numbers for the largest European economy may support the EUR. Any gains or losses could be short-lived as we see employment data and Gross Domestic Product figures from the US in the afternoon.


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