Dollar Declines on Slowing Inflation, Sterling Upside Breakout
Close-up of a businessman's hand analyzing graph on laptop at workplace
Dollar drops broadly after data shows declining headline consumer inflation in the US, and even quicker fall in core CPI. It’s adding to the Fed’s case that prior surge in inflation was just transitory. DOW futures responde rather positively to the news. Strengthening risk appetite could put Yen under some pressure too. Meanwhile, Sterling is […]
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