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AUD/USD rises, EUR/USD, USD/CAD dip, US dollar selloff loses steam
US inflation surprised to the downside on Wednesday, which was a nice break from the flurry of tariff headlines which has kept investors on edge this month. It also helped appetite for risk lean forward and detach itself from the ropes it had pinned to, but I would stop short of declaring a risk-on rally. It was just a nice break from current themes, which investors are likely becoming fatigued from. chart Core CPI rose 0.2% m/m in February, below 0.3% expected and 0.4% prior. It also slowed to 3.1% y/y, below 3.2% expected and 3.1% prior. Still, this is a minor victory with tariffs being rolled out and weaker ... (full story)
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- Posted: Mar 12, 2025 7:39pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,111
