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Dollar Index: Intraday Analysis & CPI Forecast

The U.S. dollar’s downside has been limited by a major technical level as FX traders await key U.S. economic data. Where the dollar closes in relation to that level will have a big bearing on the greenback’s direction. The dollar was little changed but hovering near a two-week low on Thursday following minutes from the last Federal Reserve meeting that showed policymakers taking a cautious stance, as investors awaited key U.S. inflation data.

Intraday Analysis | 1H CHART |

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