EUR/USD Soars to 7-Month High Near 1.1000 as US Dollar Weakens on Recession Fears

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The EUR/USD pair has reached a new seven-month high of around 1.1000 during Monday’s American session, fueled by a sharp decline in the US Dollar amid growing speculation of potential emergency rate cuts by the Federal Reserve (Fed). The weakening USD reflects concerns about the US economic outlook following recent data suggesting a potential slowdown. […]