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Is US Inflation a Red Flag for EURUSD and GBPUSD Bulls?
US inflation data has once again surprised to the upside this week, which should give euro and pound bulls cause for concern. In today’s video, I discuss today’s US Producer Price Index (PPI) and how this, combined with Tuesday’s Consumer Price Index (CPI), might affect the US dollar, EURUSD, and GBPUSD. Today’s US PPI numbers came in hotter than forecast, which probably seemed expected for those who’ve watched recent trends. We saw the same upside surprise from Thursday’s US CPI, and it’s not just this week’s data. The previous inflation readings out of the United States also showed an uptick against ... (full story)