Strong US CPI reinforces Fed rate hike expectations
Stronger-than-expected US inflation data reinforced expectations of further Federal Reserve rate hikes, lifting the US Dollar to fresh year-to-date highs above 102.50. EUR/USD lost nearly 0.50% despite oversold RSI.
Original · FXStreet AI summary of public reporting
Why: Strong US CPI → higher Fed rate expectations
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Prices since publication
At publication → CurrentEUR1.115 → 1.116+0.0%
SP5007,710 → 7,717+0.1%