EURUSD waits for an opportunity to sell down

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The Euro increased in value today. In the recently released Global Economic Outlook (WEO) report, the International Monetary Fund (IMF) lowered the 2023 economic growth forecast for many economies around the world. Only a few economies, including the US, Japan, India and Russia, buck this trend. Positive signals from some economies are expected to contribute to brightening the global economic picture.