Currencies have given back gains against the US Dollar from earlier in the day, on the back of the hotter than expected US CPI print.
Running length 00:02:10
Currencies have given back gains against the US Dollar from earlier in the day, on the back of the hotter than expected US CPI print. This follows a communication from the Fed Chair that additional rate cuts were necessary, which had prompted the big Dollar selloff that was seen from Wednesday’s Powell testimony into the Thursday CPI read.
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