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Why US inflation may badly disappoint and down the US dollar
The previous piece analyzing the FXStreet Surprise Index about the Non-Farm Payrolls has correctly predicted the bitter disappointment. The US economy gained only 75K jobs in May – and the USD tanked. Will the Index hit the nail on its head again? This edition focuses on the Federal Reserve second mandate – price stability. The FXStreet Surprise Index has been updated with the NFP figure as well as others. The general broader picture has remained unchanged. The Index continues trending lower. It now stands at -222 against -221 ahead of the jobs report showing an accumulation of negative surprises that are also ... (full story)