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Dollar faces added pressure after yesterday's CPI data

Dollar faces added pressure after yesterday's CPI data

The US CPI data came in within expectations as the figures met estimates and that made for a scene where broader markets struggled with what to do next. The dollar whipsawed not only in the initial reaction but also in the aftermath, before traders and investors read between the lines to view the report as one being on the softer side. I mean, just look at this EUR/USD price action:

If you're trading on the data its... Read More

Posted: Jan 13 2023, 05:19
Author Name: forexlive
Views: 103057

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