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The dollar moves lower after CPI. A technical look at the EURUSD, USDJPY and GBPUSD
The initial reaction to the CPI is for the dollar to move lower, yields moved lower and the NASDAQ is higher all suggesting a "happy" number for the market. The core/services component is still elevated at 5.3%. But the headline number at 4.0% is likely to be moving down toward 3% next month due to the falling out of another elevated number from one year ago next month. After that, the expectation from the YoY math (i.e., the 12 month cumulative gains) is for a flattening of the rate on the yea...
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Posted: Jun 13 2023, 12:43
Author Name: forexlive
Views: 081232