Dollar Weakness

EUR USD Up

EUR/USD Approaches 1.19 as Dollar Dips to 97.00

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The EUR/USD pair is currently positioned between 1.1860 and 1.1900, following a surge to a four-month peak close to 1.1875 and a spike towards the 1.1919–1.1920 range, marking its highest level in nearly four years. The shift is driven by compelled Dollar liquidation, rather than an unexpected surge in the Euro. The Dollar Index currently … Read more

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GBP/USD Hits 1.35 as Powell’s Legal Shock and 2.7% CPI Weigh on Dollar

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GBP/USD attracted buyers just below 1.3400 at the close of the previous week, subsequently rebounding above 1.3450 as the dollar experienced a decline triggered by a specific event: legal proceedings against Fed Chair Jerome Powell, which directly impacted the perception of Fed independence. The subpoenas issued by the Department of Justice regarding building renovation testimony … Read more