Upside surprise on US CPI data to end the recent correction in the Dollar – ING DollarIndex CPI UnitedStates Fed Banks
USD Index to trade 109.50-110.50 range
“Today's release will have some bearing on what the market prices for the Fed meeting on 14 December, where a 56 bps rate increase is currently priced. Today's CPI data will not be the final say on that decision , but it can set the tone regarding the Fed's comfort level.” 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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