EUR/USD advancing to the 1.1500 level in 2024 is very feasible – MUFG

US CPI data for October sparked the largest sell-off of the US Dollar since – coincidentally – the same October CPI report in November 2022.
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European Commission lowers 2023 economic growth forecast to 0.6% from 0.8% previously

In its quarterly assessment published on Wednesday, the European Commission cut its forecasts for the Eurozone’s economic growth for this year and the next, noting that the bloc could avert a technical recession.
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