USD WEAKENS AS MARKETS EXPECT RATE CUTS
USD WEAKENS AS MARKETS EXPECT RATE CUTS
US Dollar pressured by lower-than-expected February CPI (2.8% YoY, Core CPI 3.1%).
Markets expect 125-basis-point Fed rate cut this year.
Weak PPI data, US trade tensions impact dollar sentiment.
Long dollar positions halved to $16 billion since January.
ECB hints at policy easing, raising expectations for Eurozone.
Trading Recommendation:
Direction: Buy
Entry Price: 104.0
Target Price: 104.8
Stop Loss: 103.4
Support Levels: 103.5 / 103.0
Resistance Levels: 104.5 / 105.0
