As widely anticipated, the European Central Bank (ECB) left its interest rates unchanged at its gathering. According to the statement, inflation projections have been revised to 2.6% for 2024, 2.1% for 2025, and 2.0% for 2026. Following the bank’s decision, EUR/USD tested the 1.0870 region, where some initial contention turned up.

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• Source: https://www.fxstreet.com/news/canada-exports-dipped-from-previous-6407b-to-6229b-in-january-202403071331