The US Dollar (USD) experienced a strong recovery on Tuesday, bouncing back from Monday's pessimism. Traders are closely analyzing recent Consumer Price Index (CPI) data while priming for additional inflation metrics, including Retail Sales figures. This renewed strength in the USD has influenced the EUR/USD exchange rate, which has shown signs of weakness as the Euro struggles against the dollar's momentum.
Market sentiment is further shaped by anticipated comments from Federal Reserve officials, which could provide insights into future monetary policy. As investors brace for these developments, fluctuations in currency pairs such as GBP/USD and USD/JPY are likely, reflecting ongoing shifts in market dynamics. The focus on inflation and retail data underscores the importance of these indicators in guiding trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 19:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.