The US Dollar Index (DXY) bounces back from a fresh monthly low (95.14) following the 467K rise in Non-Farm Payrolls (NFP), and the update to the Consumer Price Index (CPI) may fuel the recent rebound in the Greenback as the gauge for inflation is expected to increase for the fifth consecutive month. The US Dollar Index (DXY) attempts to halt a five-day selloff as the NFP report shows a further improvement in the labor market, and the development may put pressure on the Federal Reserve to normalize monetary policy sooner rather than later amid the ongoing rise in inflation. As a result, the update to the CPI may fuel ... (full story)