US Dollar Gains Momentum After Reaching Record High Inflation Data: A Technical Analysis
US Dollar Strengthens Following High Inflation Data The EUR/USD pair has experienced a significant decline, stabilizing around 1.0745 by Thursday. This movement follows the US releasing inflation data that exceeded expectations, underscoring the ongoing battle against inflation. The March consumer price index (CPI) increased by 0.4% month-on-month, matching February’s rise but surpassing the anticipated 0.3%….