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EURUSD Weekly Analysis & Our Forecast

The dollar hovered near a one-month peak against the euro on Tuesday, and touched a one-week high versus the yen as traders braced for crucial U.S. inflation data and Federal Reserve interest rate forecasts.

The U.S. currency was supported by higher Treasury yields in the aftermath of surprisingly robust domestic jobs data on Friday, which triggered a dramatic paring of bets for Fed rate cuts this year.

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