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USD Under Pressure: Will Soft Data Tip the Fed?
FX Daily: Data holds the key to FOMC balance. We expect the dollar to become more sensitive to data in the near term, as markets seek a catalyst to double down on recent dovish Fed speculation. Employment figures may be subject to closer examination, with the rationale that a softer jobs market can convert a few hawks after mild inflation failed to do so. EUR/USD continues to face upside risks
