EUR/USD stays rangebound as US-Iran tensions ease and traders await the US CPI report

FUNDAMENTAL OVERVIEW USD: The US dollar gave back most of its gains after Trump walked back on his hawkish rhetoric and said that negotiations would continue, claiming that Iran called him to make a deal. That was enough to trigger a dovish repricing in interest rate expectations, taking us back to pre-escalation conditions. Barring another US-Iran escalati…

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