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PropMarketCapFRESHMacroeconomics and central banks

EUR/USD at 1.1280: 4% eurozone inflation weighs on the ECB rate, dollar slumped after the elections

The euro gained more than 0.6% against the dollar on Wednesday and approached four-week highs. Two reasons came together at once: price growth in the eurozone accelerated to a three-year peak, and the Democrats won the US midterm congressional elections.