Has Most Of The US Dollar Upside Been Priced In?

US CPI came in hot, the market is pricing just one rate cut in 2025, and yet, the US Dollar was unable to hold onto the post data rally.

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US CPI came in hot, the market is pricing just one rate cut in 2025, and yet, the US Dollar was unable to hold onto the post data rally. The market is certainly happy to see things play out this way and there is a sense that the extent of Dollar bullishness could already be well priced in.

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