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May 8, 2025

US Dollar Gains Ground as Fed Takes Cautious Stance

The US Dollar is experiencing a rebound, rising to approximately 100.097 as the Federal Reserve adopts a cautious tone in its assessments. Traders are focused on key support and resistance levels in both the EUR/USD and GBP/USD pairs, providing crucial insights into future movements. This optimistic outlook for the dollar follows a series of indicators suggesting a need for careful monitoring of economic conditions. Investors should watch for further developments that could reinforce or challenge the Fed’s strategy moving forward.

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