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Selling pressure keeps EUR/USD below the psychological 1.1200 mark on Tuesday, with the pair trading near 1.1190, a decline of 0.28% on the day at the time of writing. The latest leg lower follows an above-forecast inflation release from the United States (US). The data bolsters the US Dollar (USD) by strengthening expectations that the Federal Reserve (Fed) will tighten monetary policy further. October's US Consumer Price Index (CPI) increased 0.4% MoM, according to figures released on Tuesday by the Bureau of Labor Statistics (BLS). While the rise outpaced the market forecast of 0.3%, it was slower than September's 0.6% increase. Excluding volatile food and energy prices, Core CPI advanced 0.
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