The euro eased against the dollar on Friday, but held on to much of the gains it made the previous day after some weak U.S. economic data underscored expectations that the Federal Reserve will keep interest rates near zero for a while.
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Interest rates are heading lower, counter to what many in the bond market thought might happen as the Fed reaches the end of its quantitative easing program.
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The euro inched higher on Tuesday, pulling away from a 7-week low hit the previous day, but downside risks persisted after its recent breach of a technical support level and given the lingering possibility of further long liquidation.
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Discussing where the U.S. economy is headed and whether inflation will continue to rise, with Steven Ricchiuto, Mizuho Securities; Peter Boockvar, Miller Tabak, and CNBC's Steve Liesman.
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