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Dollar Edges Higher; Sterling Weak After GDP Fall FX SIGNALS - The U.S. dollar edged higher in early European trade Friday, rebounding to a degree after a two-day selloff as weaker than expected inflation data prompted a rethink of the Federal Reserve’s likely tightening path. At 02:50 ET (06:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 105.045, but still significantly lower than last Friday’s peak of 106.93. LIVE FX SIGNALS This dollar weakness was caused by Thursday's data showing U.S. producer prices unexpectedly fell in July a day after the country’s consumer prices came in unchanged, suggesting that inflation pressures in the U.S. were easing. This resulted in the markets altering their view on the Fed's super-charged tightening path, considering it more likely that the U.S. central bank will hike interest rates by 50 basis points in September, and not by the 75 bps previously expected. However, this new position is under threat. Fed policymakers have come out in numbers to warn that the central bank will remain tough despite the slight softening in inflation numbers. Daily Forex Signal San Francisco Fed President Mary Daly was the latest to comment, stating on Thursday that a 50 bps interest rate hike in September "makes sense", but that she is open to a bigger rate hike if data warrants. “It looks too early to expect a significant turn lower in core inflation (rents and wages will stay high),” said analysts at ING in a note, “meaning that core inflation could be back at the 6.5% year-on-year cycle highs as we move into the fourth quarter.” The resurgence of the dollar has been seen most easily against the Japanese yen, with USD/JPY climbing 0.3% to 133.36 as U.S. Treasury yields bounced off their recent lows. Signals FX Elsewhere, GBP/USD fell 0.1% to 1.2203 after data showed that the U.K. economy shrank in the second quarter for the first time in five quarters, but by a fraction less than expected. Gross domestic product fell 0.1% in the three months through June, a slightly better outcome than the 0.2% expected but a sharp drop from the 0.8% gain posted in the previous quarter. The Bank of England last week predicted the country’s economy would fall into a prolonged recession at the end of the year, and this release opens the possibility that the recession could come sooner. That will challenge coal shipments, amongst other cargoes, and is keeping European natural gas prices bid near the highs. This factor remains an outright euro negative.” Dollar Edges Higher; Sterling Weak After GDP Fall Euro to Pound (EUR/GBP) Exchange Rate Dollar Edges Higher; Sterling Weak After GDP Fall Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL FxPremiere.com was Founded in 2010. Since then has grown with over 23,000 live subscribers globally. Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! The fundamental forex strategies The technical forex strategies The popular forex strategies In the forex strategies articles Trading Forex has never been easy. forex affiliates Dollar firm as economic Dollar Edges Lower Pound Also Weak FX Signals The most traded pairs of currencies in the world are called the Majors. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.With our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms. CREATE YOUR OWN NFT TODAY!! Free Forex Signals Telegram Channel | FX Signals Daily | Forex News Today| Forex Signals APP| Open Forex Account | Compare Forex Brokers | Forex Affiliates | Telegram Copy Trading | Best FX Indicator With our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms. GBPUSD Exchange Rate Will the Fed’s Latest Decision FFree Forex Signals Telegram Channel | FX Signals Daily | Forex News Today| Forex Signals APP| Open Forex Account | Compare Forex Brokers | Forex Affiliates | Telegram Copy Trading | Best FX Indicator Dollar Edges Higher; Sterling Weak After GDP Fall Tags: forex, forex learning, forex learning guides, forex signals, forex signals learning, forex signals telegram, free forex signals, fx, fx signals, fxpremiere, fxpremiere group, gold, trading signals Dollar Edges Higher; Sterling Weak After GDP Fall