🛑🛑🛑 Urgent update breaking news
🔴 Here are the most notable developments:
• The dollar lost a small portion of its gains after the release of the US personal consumption expenditures price index statement.
• The index, which is the US Federal Reserve’s preferred measure of inflation, rose by 0.2%, less than expectations of 0.3%, which is the slowest pace so far this year.
• Therefore, this made the Fed members think more about the issue of reducing interest soon, which is why the dollar declined.
• Today, the financial markets are awaiting the release of the purchasing managers’ index statement for the US manufacturing sector at 4:45 Saudi time.
👈 The most important event this week remains the data on jobs, unemployment, and wages (NFP), which will be released next Friday.
🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR
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