EUR/USD Edges Lower in Light Holiday Trading After Mixed US Data; ECB Officials Cautious on Policy Easing
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EUR/USD trades mildly lower near 1.1037 amid light holiday trading after mixed US inflation and growth data.
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Core PCE inflation rose 3.2% annually in November, below forecasts, while growing 0.1% monthly.
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ECB President Lagarde stated policy moves are data-dependent, not tied to market pricing or timelines.
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ECB VP de Guindos sees no Eurozone recession currently but feels it's premature to ease policy.
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With minimal data due this week, risk sentiment may remain the main EUR/USD driver over the holidays.