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EURUSD: Weekly Analysis & Forecast update

Prices paid to US producers extended their retreat in December, prompting traders to increase bets on how aggressively the Federal Reserve will cut interest rates this year.

🔴 The producer price index for final demand decreased 0.1% for a third straight month — the longest streak since 2020 — while the so-called core PPI that excludes food and energy was little changed for a third month, Labor Department data showed Friday. On an annual basis, the core gauge rose 1.8%, the smallest advance since the end of 2020.

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