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A recovery in risk appetite has built a decisive rally for equities and dragged the USD lower. But there is a pause ahead of key Eurozone and US inflation data.
After DXY broke the key 102 barrier, we have seen EUR shorts starting to gather some momentum.
With Treasury yields beginning to ease back slightly, the USD bull run has stalled in recent days. The US CPI data today could be the catalyst for the next move.
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