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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
US Dollar Bounce Looks Vulnerable, EUR/USD Respects Resistance for Now

US Dollar Bounce Looks Vulnerable, EUR/USD Respects Resistance for Now

US inflation came in broadly in line with expectations, sending expectations of a September hike down to 40% from 55% just over a week ago. Though it seems forex traders may have been positioned for a weaker set of figures, given the US dollar index traded higher on Wednesday.

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EURUSD EUR/USD
Source: Forexcom
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
USD Up After CPI: USD/JPY Edges Towards 160, EUR/USD, AUD/USD, GBP/USD Pull Back

USD Up After CPI: USD/JPY Edges Towards 160, EUR/USD, AUD/USD, GBP/USD Pull Back

The USD is bouncing in late US trade following this morning's CPI print, which came in right at the expected 3.4% and 2.5% for headline and core. At this point it still looks like the USD/JPY pair is dominating Dollar flows and that showed throughout today's trade, with an early-morning sell-off in both markets reversing after the data release.

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USDJPY USD/JPY
Source: Forexcom
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