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The USD whips around after the US CPI report

The USD has whipped around after the CPI data. The dollar initially moved higher immediately after the release and then moved lower, and then bounced marginally higher. The headline came out weaker at -0.1% putting the 6 month average at less then 2% if you annualize. The ex food and energy was as expected at 0.3%.

Internally, the shelter index moved up 0.8% on the month. The expectations is that will ease over time. Services less energy was up 0.5% suggesting it is still an issue,... Read More

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Posted: Jan 12 2023, 13:55

Author Name: forexlive

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