Market News / Story
EUR/USD — Euro Rebounds Above $1.12 but Downtrend Is Still in Play. What’s Next?
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Relief in French bond markets helped the euro recover, but the rebound remains modest. Today’s Fed minutes will test whether easing expectations for an October hike can weaken the dollar further. French bond relief helps the euro recover The pair traded near $1.1240 early Wednesday, holding part of Tuesday’s rebound after Monday’s slide to $1.1160 , its lowest since May 2025. Tuesday produced the euro’s strongest daily advance in seven weeks, but the pair remains less…