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EUR/USD sinks below 1.16 as ECB holds rates, Fed hints at pause

EUR/USD sinks below 1.16 as ECB holds rates, Fed hints at pause

EUR/USD retreats on Thursday as the European Central Bank (ECB) decided to hold rates unchanged, but traders, still digesting the 'hawkish' cut by the Federal Reserve (Fed) on Wednesday, kept the shared currency below the 1.1600 figure. The pair trades at 1.1565, down 0.30%.

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