US dollar trades lower as investors factor in US CPI and potential dovish stance from the Fed

The US Dollar (USD) is currently undergoing a slight retreat as the DXY index trades at 103.95 after the release of November’s Consumer Price Index (CPI) figures from the US, which fueled dovish bets on the Federal Reserve.
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EUR/USD struggling to develop a foothold over 1.0800 as Fed rate call looms ahead

EUR/USD climbed in early Tuesday trading before slipping back below 1.0800, driven back after US Consumer Price Index (CPI) inflation came in as markets forecast, showing an ongoing gradual easing of price growth in the US.
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