#ecb-caution

#ecb-caution

EURUSD recovered toward 1.1820-1.1830 mainly due to US dollar weakness as Fed policy expectations softened, while ECB caution limits euro upside.

EURUSD rallied to about 1.166 as Fed-driven U.S. rate-cut expectations and dollar outflows lift the euro, despite weak Eurozone fundamentals and ECB caution.