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jumped to the highest point since March 2022 as concerns about the banking sector continued. It also rose as the euro reacted to the upbeat German GDP forecasts for the year. The pair was trading at 1.1033 ahead of the upcoming US GDP numbers and European confidence data.The main catalyst for the EUR/USD pair and the broader market is the rising fear about First Republic Bank, which has emerged as one of the riskiest companies in the US. On Tuesday, the shares plunged by more than 40%.
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