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US Dollar Forecast: Bears Mobilizing for Their Next Offensive? – EUR/USD, GBP/USD

May 6, 2024

Via: DailyFX

The U.S. dollar, as measured by the DXY index, was a tad softer on Monday in a context of mixed U.S. Treasury yields and thinner liquidity in the FX space, with UK markets closed for a bank holiday. Despite this, the dollar’s decline wasn’t uniform – it weakened against major currencies like the euro and the pound but strengthened against the yen.

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