EUR/USD Rebounds Despite Weak Eurozone Outlook and Rate Cut Expectations
The EUR/USD pair has rebounded to near 1.0850 in Thursday’s European session, even as concerns over the Eurozone’s economic prospects and potential ECB rate cuts persist. The rebound is attributed to a weakening US Dollar ahead of the release of the US Q2 GDP data. Despite the recovery, the Euro’s near-term outlook remains uncertain due […]