We’d Be Cautious to Bet on a Dollar Reversal Now

Markets US December CPI was bang in line, coming in at 6.5% y/y (-0.1% m/m) in terms of headline and 5.7% (0.3% m/m) in the core gauge. Markets cheered as inflation momentum continued to slow even though the underlying, sticky price trend remains strong (services inflation at 0.6% m/m to 7.5% y/y, housing costs inflated […]

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