Dollar Held on to Post-CPI Losses

Markets US headline inflation in December hit the expected 4-decade high of 7% mark yesterday, even as energy and natural gas prices – a month’s-long driver – eased month over month. In another sign of broadening price pressures, the core gauge accelerated more significantly from 4.9% y/y (0.5% m/m) to 5.5% y/y (0.6% m/m). Housing […]

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