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Dollar Dives as Cooling Inflation Gives Nod to Slower Fed Tightening

Dollar Dives as Cooling Inflation Gives Nod to Slower Fed Tightening
Dollar declines sharply after US data showed consumer inflation slowed notably in December as expected. The development reinforces expectation for Fed to further slowdown tightening in February with a 25bps hike. Yen is so far the strongest one for the day, as lifted by decline in US and European benchmark yields. Australian Dollar is leading […] The post Dollar Dives as Cooling Inflation Gives Nod to Slower Fed Tightening appeared first on Action Forex... Read More
Posted: Jan 12 2023, 14:05
Author Name: actionforex
Views: 102492

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