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US Dollar Outlook: Inflation Data Make-or-Break for DXY

August 11, 2021

Via: DailyFX

US Dollar bulls have clearly controlled the steering wheel over the last few days. The broader DXY Index is up more than 1% on the month largely thanks to US Dollar strength against key peers like the Euro and Yen. In fact, EUR/USD and USD/JPY, which are the two largest components of the DXY Index, have both reflected US Dollar gains for seven consecutive trading sessions.

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