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The EUR/USD pair remained range-bound as the US Dollar failed to capitalize on stronger-than-expected Producer Price Index (PPI) data. Despite the positive economic indicator, the USD showed limited strength against the Euro, reflecting mixed market sentiment. Traders are now focusing on upcoming Federal Reserve statements and broader macroeconomic trends. The lack of a clear directional move highlights uncertainty in the forex market, with EUR/USD likely to remain in a consolidation phase ahead of key policy decisions.
