Why the Dollar rallied and stocks sold off on Thursday

Author: Forex Live | Category: News

Better CPI sends the dollar higher today




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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