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Today’s US data unlikely to cause major dollar adjustments – Commerzbank

After the risk event of the “ECB meeting”, attention will once again focus on the Dollar. Commerzbank currency analyst Antje Praefcke does not expect today’s US data to have a significant impact on the dollar.

There is no point in looking at US data.

For the Fed, data on the evolution of inflation and the labor market will be decisive. Therefore, I imagine that the data released in recent weeks has already produced a “big picture” for many FOMC members, which is not likely to be completely shaken by the economic data on today’s agenda, but rather, At best, it will be adjusted slightly.

Today’s US data might be enough for a few pips, but is unlikely to cause major adjustments in the Dollar, if any.

Source: Fx Street

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