US Dollar Index licks its wounds at six-month low near 104.00 ahead of Fed’s verdict – by anilpanchal7 DollarIndex RiskAppetite Fed Intermarket Inflation
US Dollar Index struggles to defend the bounce off the lowest levels since June, marked the previous day.Hawkish Fed bets retreat as US CPI slows down the most in over a year.US Dollar Index
The DXY reported the biggest daily slump in two weeks while refreshing the multi-day low on Tuesday after the US inflation data raised hopes that dropped to 7.1% YoY in November versus the 7.3% expected and 7.7% prior. Further, the CPI ex Food & Energy, known as the Core CPI, also declined to 6.0% YoY during the stated month compared to 6.1% market forecasts and 6.3% previous readings. “Traders of futures tied to the Federal Reserve’s policy rate boosted bets Tuesday that the U.S.
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