The U.S. Dollar is on the rise against major currencies like the Euro, British Pound, Canadian Dollar, and Japanese Yen as the Composite PMI data exceeded expectations. The EUR/USD, GBP/USD, USD/CAD, and USD/JPY forecasts suggest a stronger position for the U.S. Dollar in the near future. This positive economic data has helped the U.S. Dollar gain ground in the forex market. Traders are closely monitoring these currency pairs for potential opportunities as the U.S. Dollar continues to strengthen.
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