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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The Euro exchange rate dropped against the US Dollar following the release of strong US employment data on June 8. On June 10, OCBC analysts suggested that ECB rate hikes might limit the Euro's upside potential. By June 11, Commerzbank noted that the ECB's monetary policy outlook continues to prevent the Euro from making significant gains against the Greenback.