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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 13/Nov 12:42

Euro under fire ahead of US inflation data

The EURUSD is extending its losing spell for the fourth trading day and touched a fresh year-to-date (YTD) low of 1.0592 on Wednesday amid caution ahead of the US Consumer Price Index (CPI) data for October later in the day. The CPI report is expected to show that the annual headline inflation accelerated to 2.6% from 2.4% in September. The core CPI – which excludes volatile food and energy prices – rose steadily by 3.3%. The inflation data will influence market expectations for the Federal Reserve’s likely monetary policy action in December. The Fed is expected to cut interest rates

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