It’s another “buy dollars, wear diamonds” day, with the US dollar rising against all of her major rivals midway through the US session. With no major news out of the US, the moves are being driven more by technical factors than outright fundamental data, though we did see a slight negative revision to the Eurozone’s April CPI (0.6% m/m vs. 0.7% initially) that could be weighing on the single currency. Meanwhile, the US debt ceiling debate continues to linger, with President Biden announcing that he would cut next week’s trip through Asia short to focus on coming to an agreement. Yesterday’s confab between the ... (full story)