USD on the rise in Asia morning trade

While the US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term fell after the Wednesday morning CPI report its ticking back higher now in Asia morning trade.

• its just before 9am in Tokyo and 8am in Singapore & Hong Kong - i.e. its active!

I posted a local response to the surging (again) US CPOI earlier, saying such a response would likely be repeated across Asia:

• US CPI responses coming in - "clear sign of an over-heated domestic economy"

Earlier than that, this flagged a more aggressive path ahead for the Fed (analyst opinion):

Nomura has revised their FOMC rate hike call, +100bps (from +75) coming in July

So far Fed speakers have been mainly saying it'll be a 75bp rate hike:

• Forexlive Americas FX news wrap: US CPI runs hot, BOC surprises with 100 bps
• Fed's Mester says inflation too high but rate hike decision does not need to be made yet
• More from Mester: The risk of recession has increased, but the Fed must lower inflation
• Fed's Daly says her most likely response is a 75bp rate hike in July

EUR/USD: