The EUR/USD pair saw some pullback on Friday after notable gains, trading at 1.05740 after rising about 0.7% to reach 1.0600, reflecting a relative improvement.
Despite a year-on-year growth of 1.9% in European retail sales, the decline from previous month's growth reflects a slowdown, pressuring ECB to consider rate cuts.
ECB President Christine Lagarde reaffirmed the bank's commitment to reducing interest rates in the short term to support growth, despite a projected inflation decline in 2025.
Initial jobless claims in the U.S were 224,000, exceeding the expected 215,000, indicating mixed effects on the economy's outlook and increasing job cuts.
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