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EUR/USD gains ground after two days of losses, trading around 1.1150 during Asian hours on Monday. The currency pair is appreciating as the Euro (EUR) gains support following statements from several European Central Bank (ECB) policymakers, including the heads of the German and Italian central banks, suggesting that a December interest rate increase may be likely. Eurozone inflation rose to a three-year high of 4% in October, driven by higher energy costs, which adds to the case for further monetary tightening. ECB President Christine Lagarde noted on Thursday that the central bank is actively monitoring incoming data to determine whether a rate hike is warranted next month.
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