USDOLLAR post CPI reaction suggests low-hanging fruit has been picked
The recent inflation data for July in the US, which was released yesterday, matched expectations quite closely. This has reassured the markets that there are no immediate setbacks in the process of reducing inflation. The core inflation rate decreased slightly from 4.8% to 4.7%, while the headline rate increased from 3.0% to 3.2%. This increase was due to a smaller base effect compared to previous months, although it was still…
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.