Forex Today: FX board wakes up with US inflation at a 40-year high By ValBednarik DollarIndex Inflation Fed Gold CryptoCurrencies
US inflation figureswas confirmed at 7% YoY, as expected, while the core reading beat expectations, up to 5.5%. The news, which usually spurs risk aversion, had the opposite effect this time.
The dollar lost ground vs safe-haven assets also, as the USD/JPY pair plunged to 114.37, holding nearby heading into the Asian opening. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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