FX.co ★ 09.05.2024: Statistics push USD down. Outlook for S&P 500, EUR/USD, and Brent crude

The US dollar is growing as investors are worried about high inflation in the US. The US CPIs will be released next week and could affect the outlook for Fed’s interest rates.

After all, another strong value of the core consumer price index in the US can maintain the Fed’s interest rates at elevated levels for a long time. However, today the latest statistics did not play in favor of the greenback.

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