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International Netherlands: The euro's movement is more likely to continue being dominated by the performance of the US dollar.
Jin10 data reported on May 30th, analyst Chris Turner from ING stated in a report that the trend of the euro is more likely to continue to be dominated by the performance of the US dollar. He noted that the market has fully digested the expectation of a 25 basis point rate cut by the European Central Bank on June 5th. The US PCE data is the biggest catalyst for the euro today, and we expect this data may keep it within the short-term range of 1.1300-1.1400 USD.