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EUR/USD's next move hinges on central bank policy

The euro-dollar exchange rate is expected to take its direction from upcoming central bank decisions, with traders watching the Federal Reserve and the European Central Bank for signals on interest rate paths. Analysts at CMC Markets note that policy divergence, or the lack of it, between the two institutions will be the key driver of the currency pair's next move.

Why now: Markets are awaiting central bank meetings and rate guidance that could shift the euro-dollar rate.

EUR/USD Federal Reserve European Central Bank CMC Markets

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EUR/USD's next move hinges on central bank policy · CMC Markets

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