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US dollar stays curiously strong ahead of the CPI report

US dollar stays curiously strong ahead of the CPI report

The US dollar is higher across the board in the countdown to CPI.

Yesterday, the strong dollar foreshadowed a rout in risk assets but I'm not (yet) sure that's what we're also seeing today. It does warrant some caution.

The Eurozone data calendar was basically vacant so far today except for a mixed Italian industrial production report so the moves are primarily a follow-through from yesterday.

In any case, CPI could quickly upend the narrative. This one is a particularly imp... Read More

Posted: Nov 10 2022, 12:02
Author Name: forexlive
Views: 111674

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