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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 15/Jan 13:16

Dollar under pressure ahead of US inflation

EURUSD remains firm at 1.0300 in Wednesday’s European session after a strong recovery on Tuesday. The major currency pair consolidates as investors await the US Consumer Price Index (CPI) data for December later in the day. Investors will pay close attention to US inflation as it will influence market speculation for the Federal Reserve’s monetary policy outlook. Month-on-month, headline inflation is estimated to have grown steadily by 0.3%. In the same period, the core CPI – which excludes volatile food and energy items – is expected to have risen by 0.2%, slower than the former release of 0.3%. Economists expect the annual

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