Dollar Rally Fizzled Last Week As Flat CPI Lifted Rate Cut Hopes
A resurgence in the U.S. dollar, aided and abetted by the recent hawkish narrative from Fed speakers fizzled as October’s inflation readings showed inflation in the U.S. flat on a month-on-month basis. The immediate spurt in rate cut expectations it triggered resulted in the greenback plunging against the euro, the British pound, the Australian Dollar … Read more