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The US dollar is trading at a fresh five-month low after data on Friday showed inflation slowing further. Ahead a holiday-shortened week and a quiet economic calendar.
US Dollar Drops, Gold Pops on Mixed NFP Report
US Dollar Drops, Gold Pops, S&P 500 Whipsaws on US CPI Rise 2021-04-13 13:00:00 Justin McQueen, Analyst USD, CPI Price Analysis & News US CPI Prints Ahead of Estimates US CPI Prices Ahead of Expectations BOTTOM LINE: US CPI rose 0.6% on the month, 0.1ppts above expectations, which saw the yearly rate at 2.6% (highest since Aug 2018), ahead of the 2.5% consensus. Meanwhile, the core reading also printed ahead of forecast at 0.3% on the month and 1.6% on the year. However, with the Federal Reserve covering at length that they will look through the inflation spike in the next few months as they ...