After Wednesday’s post-CPI dump, the dollar managed to rebound a little as a couple of Fed official spoke about what the drop in inflation meant for monetary policy, before heading lower again ahead of the publication of US PPI later on Thursday’s session and UoM’s Consumer Sentiment and Inflation Expectations surveys on Friday. With the odds of 75 basis point hike having dropped, the Fed is careful not to push too hard against that, but at the same time leave the door open for such an aggressive hike should incoming data from now until mid-September show another upsurge in prices or if employment once again proves ... (full story)