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EUR/USD Forecast Note Ahead of the US CPI Data
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EUR/USD Forecast Note Ahead of the US CPI Data
Current Setup and Live Chart Ahead of Tuesday’s Fed nomination vote and the US CPI data for April, the EUR/USD continues to trade within the context of the oil shock risk premium and a proxy for the Fed interest rate pathway. The US CPI data for April, scheduled for release on Tuesday, 11 May, will be a test of whether the inflationary fears that the oil shock risk premium has produced have begun to manifest in consumer prices. This makes the CP…
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