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The Japanese yen struggles as focus turns to upcoming US CPI statistics

The US Dollar stabilizes as traders await crucial CPI data, while the Japanese Yen weakens amidst political unrest. Geopolitical tensions also boost crude oil prices, impacting market strategies. – vtmarketsmy.com

During the early European session, the GBP/USD pair rises to around 1.3470.

The GBP/USD pair rises to 1.3470 as the US Dollar weakens amid concerns over Fed independence and potential indictments against Jerome Powell. Traders are eyeing the crucial upcoming US CPI report. – vtmarketsmy.com

Turkey’s current account balance in November was worse than expected, reaching a deficit of $3.996 billion.

Turkey’s November current account deficit hit $3.996 billion, exceeding expectations and raising alarms about economic stability. Analysts suggest strategies to profit from a weakening lira amid ongoing inflation challenges. – vtmarketsmy.com

Australian dollar weakens against the US dollar as consumer confidence drops

The Australian Dollar weakened as consumer confidence hit a three-month low. With mixed economic signals and uncertainty ahead of key inflation reports, traders brace for potential volatility in the forex market. – vtmarketsmy.com

GBP/USD pair strengthens above 1.3450 and approaches 1.3470 amid US dollar pressure

Political pressure on the US Federal Reserve boosts GBP/USD to 1.3470, amidst threats against Fed Chair Powell. As the US CPI data looms, traders eye volatility and opportunity in currency movements. – vtmarketsmy.com

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