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Breaking Posted 5 hours ago

US Inflation Hits Three-Year High of 4.2% in May

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US trailing 12-month inflation reached 4.2% in May, marking a three-year high driven by effects from Iran war tensions. The surge represents a significant jump from previous readings as geopolitical factors compound inflationary pressures. USD pairs face volatility as higher inflation typically strengthens dollar expectations for Fed rate responses, but prolonged inflation above target creates policy uncertainty. Traders should monitor USD/JPY and EUR/USD for breakout opportunities.
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