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Dollar moves higher as sticky UK CPI stoke inflation fears

Dollar moves higher as sticky UK CPI stoke inflation fears
The dollar is the lead gainer across the board, holding at the highs for the day now as equities slide while bond yields are marching higher. The hotter-than-expected UK CPI data earlier is stoking inflation fears in broader markets again and that is benefiting the greenback as traders see a less dovish Fed outlook. Here's the evolution of the Fed funds futures curve since Thursday last week:While traders are still convinced that there will still be one more rate hike in May, the supposed three... Read More
Posted: Apr 19 2023, 09:59
Author Name: forexlive
Views: 111485

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