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So where now for the dollar after CPI miss? - BBH
Analysts at Brown Brothers Harriman noted that the US dollar fell against all the major currencies last week. Key Quotes: "The downside reversal after the employment data on October 6 set the stage for the pullback. From a fundamental perspective, we cautioned the good news for the dollar had been discounted. With two months before the December FOMC meeting, the market had priced in a high degree of confidence (over 80% chance at its peak) of a hike and the 10-year yield reached the top end of its six-month trading range near 2.40%. The Dollar Index snapped a four-day drop on October 12 and managed to close ... (full story)