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USD: US Dollar slips after ECB hints at rates pause; US data weigh

Summary by ARY News
NEW YORK, June 5: The US Dollar (USD) slipped against the euro on Thursday after the European Central Bank hinted at a pause in its year-long policy easing cycle and U.S. data pointed to softening labor market conditions amid mounting economic headwinds from tariffs. The ECB cut interest rates for the eighth time in a year on Thursday, acknowledging inflation was under control and turning more pessimistic about economic prospects amid risks of a…
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fxempire.com broke the news in on Thursday, June 5, 2025.
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