USD – The dollar sold off sharply in the initial aftermath of US CPI data on Tuesday, as the inflation report failed to convey the urgent need for aggressive policy tightening that many participants were expecting.
Summarising the report, Monex Canada succinctly noted that “the key signal in the report was that core inflation moderated. At the margin, that reduces the urgency for the Fed to bring rates quickly back up to neutral.”
Summarising the report, Monex Canada succinctly noted that “the key signal in the report was that core inflation moderated. At the margin, that reduces the urgency for the Fed to bring rates quickly back up to neutral.”