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The dollar index remains firmly in red in early Monday trading, and extends Friday’s 0.93% drop, to breach key support at 101.94 (Aug 5 low, the lowest in eight months). The dollar was weaker across the board on renewed risk mode and growing expectations on more dovish stance by the US central bank on two […]

The post Dollar Index Outlook: Remains in Defensive on Growing Expectations for Dovish Fed’s Policy View appeared first on Action Forex.

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12/06/2024

US Dollar Index: Dollar Falls Sharply on Softer than Expected US May Inflation Numbers

The US dollar fell across the board in immediate reaction to softer than expected US May inflation numbers, which revived hopes for Fed rate cut in September. US m/m consumer prices were flat in May after 0.3% increase in April and annualized rose by 3.3% last month, compared to 3.4% rise previous month / forecast. […]
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Forecast: What to Expect from the Euro and Dollar in 2024

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GBPUSD Unlocks New High, But Eyes Remain on 1.3200

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