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Technical Analysis Posted 1 hour ago

USD: Softer Inflation Data Supports Further Dollar Weakness

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The Fed's Beige Book confirms economic expansion with decelerating inflation across all districts, reinforcing softer CPI/PPI readings. This dovish backdrop pressures the dollar as markets price in extended rate pause expectations. Watch for USD weakness continuation; key support levels on DXY near 104.00 could attract buyers on oversold conditions.
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