US Dollar Jumps on Stronger-Than-Expected Inflation Data, Gold Crumbles into Support
US inflation was reported higher-than-expected in January, sending US Treasury yields and the US dollar sharply higher.
Source: dailyfx.com
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US inflation was reported higher-than-expected in January, sending US Treasury yields and the US dollar sharply higher.
US Fed Chair Jerome Powell poured water on a March rate cut at yesterday’s FOMC meeting but markets continue to price in an aggressive series of cuts for the rest of the year.
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