US Dollar Price Forecast: Hot CPI Fuels DXY Breakout — Will GBP/USD and EUR/USD Break Lower?
Hot May CPI readings tempered rate-cut hopes and supported the US Dollar as markets assessed the ongoing Middle East truce. DXY showed strong breakout above $100 while EUR/USD tested key support and GBP/USD defended rising channel floor.
Hot May CPI readings tempered rate-cut hopes and supported the US Dollar as markets assessed the ongoing Middle East truce. DXY showed strong breakout above $100 while EUR/USD tested key support and GBP/USD defended rising channel floor.