The U.S. Dollar has retreated due to profit-taking, impacting major currency pairs like EUR/USD, GBP/USD, USD/CAD, and USD/JPY. Traders are taking profits on their dollar positions, causing the currency to weaken against other major currencies. This has led to shifts in the forex market, with the Euro, Pound, Canadian Dollar, and Japanese Yen all seeing movements against the Dollar. Analysts are closely monitoring these currency pairs to gauge the impact of the Dollar’s retreat on the overall market.
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