Forex Today: US Dollar strength continues amid resilient American economy – by ValBednarik EURUSD XAUUSD AUDUSD CryptoCurrencies Sentiment
The US Dollar remained strong on Wednesday, with demand for the Greenback easing ahead of Wall Street's close as stocks bounced from their intraday lows.Federal Reserve's monetary tightening
Earlier in the day, the UK reported that the annual CPI rose by 10.1% in January, easing from 10.5% in December, while core CPI was up 5.8% on a yearly basis from 6.3% previously. Easing inflation supports the case of an easIER path of tightening in the kingdom. GBP/USD is down to 1.2020.adding pressure on the Euro. Industrial Production contracted 1.7% YoY in December, while the Trade Balance in the same month posted a deficit of €18.1 billion. EUR/USD bottomed at 1.0660, now trading in the 1.
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