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US dollar moves higher and then back lower after the US CPI data
The USD has initially moved higher after the US CPI that saw the CPI rise by 0.5% with the core of 0.4%. However, there has been a reversal back to the downside.
The YoY came in at 6.4% versus 6.2% expected. The Core came in at 5.6% versus 5.5% expected.
- Shelter accounted for more than half of the rise for the month. It rose by 0.7% for the month.
- Use car prices fell -1.9% on the month.
The March hike of 25 basis points remains around 91%.
Ahea... Read More
Posted: Feb 14 2023, 13:38
Author Name: forexlive
Views: 110713
