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Dollar Slides on Cooler US Inflation; Oil Jumps on Mid-East Tensions

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The Story

News Summary

  • The dollar weakened on cooler US inflation data, boosting EURUSD.
  • Rising Middle East tensions pushed crude oil (WTI, BRENT) higher, which pressured precious metals (XAUUSD, XAGUSD) due to inflation fears and potential central bank tightening.
  • USDJPY was mixed on US/Japan data.
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BRENT price history

104.61 +64.07% over the displayed period

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