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EUR/USD. CPI and Geopolitics: Dollar Again in High Demand
The EUR/USD pair is showing a
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The EUR/USD pair is showing a downward trend again after a brief spike to the 1.1668 mark. The mood in the market is once again gloomy and anxious. Recent optimism among traders has dissipated, replaced by caution and pessimism. Additional support for the greenback came from the U.S. consumer price index (CPI) data released on Wednesday, despite its contradictory nature. On one hand, the CPI release was neutral: all its components matched forecasts. On the other hand, the
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Irina Manzenko,
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