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Fidelity Bank: CPI Data May Reinforce Overall Downward Trend of the US Dollar

Summary: According to Jin10, Fidelity Bank's Chief Forex Strategist Sean Osborne stated that despite some noise in the data, caution should still be exercised in interpreting the latest CPI data release, as the decline in the US dollar may not be overly significant. However, considering yesterday's downward market trend, this should reinforce the overall downward market ...

According to Jin10, Fidelity Bank's Chief Forex Strategist Sean Osborne stated that despite some noise in the data, caution should still be exercised in interpreting the latest CPI data release, as the decline in the US dollar may not be overly significant. However, considering yesterday's downward market trend, this should reinforce the overall downward market impression of the US dollar.

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