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DailyFX - Forex Market News
11.04.2024
In the dynamic realm of forex trading, emerging market currency pairs have garnered significant attention in recent years for their unique blend of volatility and potential returns.
Traders are drawn to volatility due to increased trading opportunities. However, volatile markets require skill, experience, and effective risk management.
The U.S. dollar rallied vigorously on Wednesday, fueled by hotter-than-expected U.S. inflation numbers – an upswing that propelled USD/JPY to a fresh 2024 peak and its highest level since June 1990.
The broad surprise in US CPI data has jolted FX markets ahead of the ECB meeting. Markets have downgraded expectations of Fed cuts, weighing on EUR/USD. EUR/GBP lower