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Ihua Foreign Exchange APP News--Online session on Monday (June 2), the euro-dollar time-sharing chart shows that the price first fluctuates and then rises sharply. The current price is 1.1417, which is higher than the time-sharing moving average of 1.1380, indicating that the multi-party has an advantage. Although the European Central Bank will likely cut interest rates on Thursday, inflation data in the eurozone should be soft this week. The eurozone consumer price index will be released tomorrow, and core prices are expected to fall back to 2.5% year-on-year. Also on Thursday, NATO's defense minister will hold a meeting in Brussels. European representatives should be more prepared for further severe criticism from the United States and may refocus the market on plans for substantial growth in defense spending. In addition, some further signs of Germany's fiscal expansion in late June will also prove support for the euro. Dutch International Group (ING) believes that the euro has some intraday resistance against the US dollar at 1.1425, above which it will rise to 1.1500 in the short term.
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