With the US inflation index slowing down every day, the dollar selling pressure has not yet changed to the FRB’s aggressive route.
This week, the US consumer price index and producer price index continued to show a slowdown in inflation. Both of these slowed down more than the market expected, and panicked dollar-selling reactions spread, especially when the consumer price index was announced. The dollar/yen was pushed further down after erasing the gains that followed last week’s […]