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EUR/USD slips to near 1.1700 despite diverging Fed-ECB policy outlooks

EUR/USD remains subdued after registering around 0.5% losses in the previous session, trading around 1.1700 during the Asian hours on Wednesday.
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US Dollar Index remains below 98.00 as revised NFP data reinforce odds of Fed rate cuts

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is treading water below 98.00 during the Asian hours on Wednesday.
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