CPI Lifts US Dollar as Euro and Pound Face Pressure Amid Nasdaq 100 Rebound

Thursday, 12 September 2024, 10:04

CPI lifts US Dollar while EUR/USD and GBP/USD face pressure. The Nasdaq 100 sees a notable rebound as Nvidia drives equities higher.
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CPI Lifts US Dollar as Euro and Pound Face Pressure Amid Nasdaq 100 Rebound

Market Trends and Dollar Strength

The recent CPI data has significantly lifted the US Dollar, leading to increased pressure on the EUR/USD and GBP/USD. Investors are closely watching how these currency pairs react amidst changing market dynamics.

Equities Recovery: Nvidia's Role

  • Nvidia plays a crucial role in the Nasdaq 100's rebound.
  • Positive sentiment in tech stocks supports overall market stability.
  • Understanding the correlation between the Nasdaq 100 and major currency pairs can provide better investment insights.

Key Currency Pair Analysis

  1. EUR/USD: Facing challenges as the Dollar strengthens.
  2. GBP/USD: Struggling amid economic uncertainties.
  3. USD/JPY: Showing resilience with upward momentum.

For a comprehensive analysis including transaction strategies, please refer to the larger financial report.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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