Traders relieved as US inflation is not running away

From hantecfx.com

As markets have settled down, the weakness on the US dollar has come back to the fore. This outlook has been helped in the wake of yesterday’s US CPI inflation data which has been a big focus for trades ever since the payrolls report a couple of weeks ago. Although there was a mild upside surprise in the data, there was not enough in the release to see widespread panic returning once more. There was an appreciable initial knee-jerk push of dollar strength, however this turned completely around as the outlook showed inflation was beginning to turn a corner, but not spiking higher in a sense that would have resulted ... (full story)