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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY

January 19, 2023

Via: DailyFX

US Dollar bears have continued to punch and yesterday brought another fresh seven-month low into the mix after the release of PPI data earlier in the session. US data continues to slowdown, and this brings questions around the Fed’s rate hike plans. The US Dollar has been pricing this in since ahead of the Q4 open and more recently, the USD has been budging below some key spots of support.

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