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Declining crude oil prices and lower Treasury yields are weighing on the US Dollar. This weakness has pushed GBPUSD and EURUSD to fresh session highs, with GBPUSD clearing its 200-day moving average …
Recent US PCE inflation data came in slightly lower than expected, while personal income growth stalled and the savings rate hit historic lows of 2.6%. The softer inflation readings prompted a declin…
GBPUSD breaks above key Monday-Tuesday highs and the 38.2% retracement, maintaining bullish momentum despite fading Fed rate cut expectations and higher US yields.