In the near future, the EURUSD currency pair, which is currently trading at 1.07067, is expected to reach a level of 1.0635 according to UOB.

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EURUSD Chart by TradingView

UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang suggested there is still scope for EUR/USD to drop to the 1.0630 region in the near term.

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