Hotter US Inflation Spurs Rate Hike Bets Despite Strong Data; EUR/USD Losing Momentum
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US inflation data was hotter than expected, spurring market bets on a Fed rate cut in March despite the strong data.
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ECB has limited room for further rate hikes, but may not yet pivot from its tightening path.
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EUR/USD losing bullish momentum, but stronger slide not clearly evident yet.
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Upcoming week light on data, focus on central bank commentary for policy clues.
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Technicals show EUR/USD losing upside drive, scope for more weakness below 1.0800 support.