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US dollar moves lower after University of Michigan data

The US dollar has moved lower after the University of Michigan data came in weaker than expectations. The one year inflation expectation came in at 3.1% versus 3.5%. The 5 year inflation expectations was at 2.7% versus 3.0%. The sentiment indices were also lower than expectations.EURUSD: The EURUSD was trying to hold below a swing area between 1.6658 and 1.66669. The price has moved higher and tests the low from last week near 1.66854.USDJPY: The USDJPY has moved below the high from Wednesday's... Read More

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Dollar

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After

University

Michigan

Data

Forex

Posted: Sep 15 2023, 14:14

Author Name: forexlive

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