Hey Traders, DXY is trading in an uptrend and now seems to be attempting to break it out as the CPI came soft today and below expectations and also the previous US data including NFP were soft for USD and indicate that there will be more of a rate hike pause from the federal reserve as inflation tensions are easing. In this week we have retails sales and PPI data left to have more of a clear vision about the next fed action. Technically if we get dips below the 101.5 support we will look for a retrace of the trend towards more low.
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