Dollar little changed ahead of European morning trade ...Middle East

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Dollar little changed ahead of European morning trade
The dollar rocked back and forth in the aftermath of the US CPI report but overall, very little has changed. Traders are still pricing in the first rate cut for May 2024 while there is roughly 110 bps worth of rate cuts priced in for the whole of next year currently. That isn't much of a change to before we got the inflation numbers yesterday.The greenback ended the day marginally lower and is now trading little changed on the day. The technical outlook remains similar to the start of the week mostly, as traders are eyeing the Fed to be the main catalyst for any moves this week.EUR/USD continues to sit in between its 100-day and 200-day moving averages at 1.0754 and 1.0824 respectively. Mean

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