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USD/JPY: Bullish Case Eroding as US Economic Data Disappoints /
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2024-05-31 14:56:32

USD/JPY: Bullish Case Eroding as US Economic Data Disappoints on Nostr: US Dollar Stabilizes Ahead of Inflation Data as Investors React to Weaker GDP ...

US Dollar Stabilizes Ahead of Inflation Data as Investors React to Weaker GDP Adjustment
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#e140b6a8 ver:0.71

The US dollar stabilizes ahead of inflation data and weaker GDP adjustment, with potential for rate cuts this year. The yen remains unchanged, while the euro touches a two-week low. The US dollar is on track for its first monthly losses in 2024. Investors closely watch the upcoming PCE data for potential impact on Fed rate decisions. The dollar index rises slightly in early European trade. US inflation data shows a sideways trend, while eurozone inflation exceeds forecasts, suggesting ECB rate cuts. US dollar may face continued volatility as markets adjust to economic conditions and central bank strategies. #USD #inflation #GDP #ratecuts #eurozone #volatility...

#newstr #UsDollar #Inflation #Gdp #RateCuts #GermanRetailSales #EurozoneCpi #JapaneseInflation #ChineseBusinessActivity

https://here.news/story/e140b6a8?ver=0.71
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