Risk appetite declines as Fed warns against immediate rate cuts, while markets anticipate cuts in 2024. EUR/USD struggles despite positive European retail sales data.
German industrial production decline expected for March may negatively impact EUR/USD trading. USD rebound causes fluctuations, preventing pair from testing key level at 1.0800.
Fed's cautious stance on interest rates and potential risks to economy implies a delay in future rate cuts, maintaining USD strength. Monetary policy contrast between Fed and ECB persists.
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