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EUR/USD Treads Water as Dollar Strength Favors Downside

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EUR
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The EUR/USD pair is trading in a tight band around the 1.1365-1.1370 area during the Asian session on Tuesday, holding just above its lowest level since July 28.

Firm expectations for additional Fed tightening and multi-year highs in U.S. bond yields continue to underpin USD strength.

ECB President Lagarde's support for a measured policy path tempers expectations for aggressive rate hikes in the Eurozone.

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