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Euro to US dollar analysis: EUR/USD kicks off 2024 on a downbeat note
Ahead of a busy first week of the year, sentiment in the first half of the first trading day of the year has been noticeably downbeat. We saw the EUR/USD drop back below the 1.10 handle, along with the other major currency pairs. Elsewhere, US index futures and government bonds fell, while European indices gave up earlier gains to turn lower by mid-day in London, with investors starting the first trading day of the year in a cautious mood after the big risk rally towards the end of 2023. But has anything changed? Why are markets in risk-off mood? The key denominator behind all these market moves is the drop in ... (full story)