The EUR/USD exchange rate continued to decline late Thursday afternoon, nearing the 1.0800 level. This drop followed an unexpected increase in the U.S. Services PMI, sparking fresh concerns that the Fed may reduce interest rates less than anticipated. As a result, investors flocked to the safe-haven U.S. Dollar, driving down the value of the EUR/USD pair despite earlier better-than-expected HCOB PMI figures.
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