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Dollar under pressure as US CPI data looms

Lower Treasury yields and higher equities are also part of the story, as the dollar moves lower in European morning trade. As mentioned earlier here, these markets are all going to be intertwined as we get to the US CPI data later and it is already showing. EUR/USD is now up 0.5% to just above 1.0800 and contesting a key technical resistance:The pair is running into its 100-day moving average (red line) at 1.0805 and a break above that will see buyers establish a more bullish bias again after th... Read More

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Dollar

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Forex

Posted: Jun 13 2023, 09:08

Author Name: forexlive

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