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Thursday, April 19th
The EUR/USD pair trades on a positive note this Thursday, having returned to the region of the 1.2400 after yesterday’s drawdown. On Wednesday, the pair received moderate bearish impetus after the EZ CPI data missed market expectations, which hints on a dovish outcome of the ECB monetary policy meeting, scheduled for the next week. However, the pair managed to bounce off its intraday lows and regain its bullish tone, as weaker sentiments around the US dollar continue to dominate on the market, thus offering some support to the pair. Today the European economic calendar won’t offer anything relevant, so investors will focus on the US macro data for any fresh impetus.
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