US Dollar Struggles to Gain Traction as Confidence Data and Fedspeak Awaited
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#142fda0b ver:0.59

The US Dollar struggles to gain traction as confidence data and Fedspeak are awaited. The EUR/USD declines due to stronger US PMI data, while the ECB contemplates rate cuts. Inflation data from major economies this week will provide guidance on the global interest rate outlook. The dollar wanes as risk appetite picks up, but holds tight ranges ahead of key inflation data. ECB policymakers are concerned about aggressive policy easing revamping price pressures. German business morale stagnates in May. The US economy continues to grow, unemployment is below 4%, and wage growth is running above 4%....

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