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US Dollar May Rise Further as PPI Data Stokes Inflation Fears
Financial markets registered mixed performance in Asia-Pacific trade. Regional stock exchanges picked up on the negative lead from Wall Street, shedding close to 2 percent. That was after higher-than-expected US CPI figures stoked worries about rapid reflation that might force the Fed to pull back monetary stimulus faster than anticipated (as expected). Price action in the G10 FX space was decidedly more muted. While APAC bourses had room to catch up having been closed during the prior day’s fireworks, the “always-on” spot currency markets had already on-boarded the news and settled into consolidation mode. ... (full story)