Stronger-than-expected US PMI data has supported the US Dollar, posing challenges for the euro. Concerns over the French elections may further impact the euro's performance.
German bond yields have fallen due to weak eurozone data, while the yield gap between French and German bonds has widened amidst French political uncertainty. Market participants are cautious.
High US interest rates favor the dollar against the euro, with the Federal Reserve expected to cut rates. The upcoming US PCE Price Index data release will be crucial for future rate decisions.
Market watchers are keen on the US PCE Price Index data release, anticipating its impact on USD dynamics and the Fed's rate cut decisions. The euro remains vulnerable to USD strength and French election outcomes.
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