Currency markets essentially saw a slight extension of Wednesday’s US CPI moves, with the US dollar index initially rising a smidgen before essentially closing flat to form a doji. AUD/USD, NZD/USD and GBP/USD were the only FX majors to rise slightly on the day, but all in all volatility was limited despite and ECB meeting, US PPI data and several Fed members speaking. Fed members are in no rush to cut interest rates with Williams saying “there’s no clear need ot adjust monetary policy in the near term”, Collins now thinks it “may take more time than I previously thought” to gain confidence on lower inflation. ... (full story)