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Euro Holds Steady Ahead of ECB Rate Decision

The euro remained steady on Thursday ahead of the European Central Bank policy decision focusing on French bond market turmoil. Meanwhile the dollar held its ground as the Federal Reserve kept rates unchanged.

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U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration

The euro held steady at $1.1145 on Thursday morning ahead of the ECB policy decision, while EUR/USD traded lower overall as speculative short positions reached $18.89 billion.