USD a handful of pips higher
The CPI report was virtually inline with estimates but that doesn't mean we didn't learn anything from it.
The US dollar ticked higher on the headlines and to me that highlights the underlying strength in USD.
There was a relentless bid in the dollar in US trading yesterday and with stock futures pointing higher, look for more of the same today.
The next economic report on the calendar is at 9:15 pm ET when industrial production numbers are out.
