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EUR/USD. Star Report: Why Did Traders Ignore U.S. Inflation Data?
The data released on Thursday showed
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The data released on Thursday showed a slowdown in U.S. inflation. All components of the report were in the red zone, falling short of forecasted levels. On one hand, this is an important—one could say pivotal—moment for the EUR/USD pair (as well as for other dollar pairs). Now, representatives of the "dovish camp" at the Federal Reserve have additional arguments to support their position. A weak CPI is a strong card for the "doves" amid a cooling U.S. labor market,
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Irina Manzenko,
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