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Forex

Dollar Downturn Accelerates Ahead of August NFP

Guavy AI Editorial Team
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USD
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The US dollar has been experiencing a short-term decline in value, accelerating towards its expected lows by August ahead of the upcoming Non-Farm Payroll (NFP) release. According to FOREX.com, this downtrend is likely due to market expectations for a positive NFP figure, which could strengthen the greenback.

The CFD trading platform notes that a significant portion of retail investors have been losing money when trading CFDs with their provider, with 77% of accounts experiencing losses. This suggests that many traders may be taking on excessive risk and not fully understanding the complexities of CFD trading.

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