The US Dollar Strengthens After Inflation Data: AUD/USD and USD/CAD at Key Levels

The US dollar strengthened against commodity currencies following the release of July US inflation data. The annual Consumer Price Index (CPI) came in at 3.4%, exactly in line with forecasts and down from the previous 3.5%, while prices rose by 0.1% month-on-month.

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Source: Action Forex

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Category Forex

Source Action Forex

Published 1 month ago

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News ID #6,068

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