EUR/USD gathered bullish momentum after declining below 1.0850 on Wednesday and closed the day with strong gains above 1.0900.
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Powell acknowledged thatinflation numbers were quite high in January and February but noted that they have not changed the overall story on disinflation, arguing that they were higher due to seasonal effects. Preliminary March Manufacturing and Services PMI data from Germany, the Eurozone and the US will be featured in the economic calendar on Thursday.
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