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Euro Dips Against Dollar as Markets Await Key ECB Policy Decision

The Euro experienced a modest pullback against the US Dollar as markets remained cautious ahead of the European Central Bank's policy decision. Analysts from Scotiabank noted this cautious sentiment, while Commerzbank suggested that a hawkish ECB tone could limit the currency's downside. As of July 21, the Euro continued to trade in a limited range awaiting the official policy outcome.