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Forex Today: US Dollar backs off as sentiment tilts higher with US data over the horizon

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EURUSD,GBPUSD,GDP

Here is what you need to know on Monday, June 24: The US Dollar (USD) extended Monday declines through the US market session, easing back as investor confidence continues to pin higher at the outset of a fresh trading week.

Here is what you need to know on Monday, June 24: The US Dollar extended Monday declines through the US market session, easing back as investor confidence continues to pin higher at the outset of a fresh trading week. Key US data looms ahead later in the week with a revision to first-quarter US Gross Domestic Product growth on Thursday, with updated Personal Consumption Expenditure Price Index inflation slated for Friday.

The UK is broadly absent from the economic calendar this week, with mostly mid- to low-tier data on the offering as GBP traders wait for Friday’s UK GDP print for the first quarter.

 

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