The U.S. Dollar has put in a bounce this week after a fast sell-off the week before. There were some large drivers in the past week as CPI came out above expectation and PPI showed a massive beat when it was released on Thursday. It wasn’t bright everywhere, however, as the U.S. retail sales print on Thursday came in below-expectation and this illustrates a common theme so far in 2024, where some data points remain very strong and others have started to look a bit more weak. We can even span that argument through the topic of inflation and this was something that was on full display a few weeks ago around the most ... (full story)