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The EUR/USD pair trades in positive territory around 1.1160 during the early European trading hours on Monday. A hawkish stance from the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD). ECB President Christine Lagarde said last week that the central bank is looking at indicators to see if an interest rate hike will be warranted next month, after it held rates steady in October. "We will have many indicators between now and December that will really help us determine whether a hike is necessary," said Lagarde. On the other hand, signs of improvement in the US labor market might lift the Greenback and create a headwind for the major pair.
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