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EUR/USD Weekly Forecast: Powell announces “flexible” inflation targeting, US Dollar sinks

EUR/USD Weekly Forecast: Powell announces “flexible” inflation targeting, US Dollar sinks
The US Dollar (USD) found fresh legs throughout the first half of the week but lost them on Friday, following Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium. The EUR/USD pair closes the week well above the 1.1700 mark, recovering from a Friday weekly low of 1.1583.

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