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Dollar Rally Fizzled Last Week As Flat CPI Lifted Rate Cut Hopes

Por: RTTNews Business November 20, 2023

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A resurgence in the U.S. dollar, aided and abetted by the recent hawkish narrative from Fed speakers fizzled as October's inflation readings showed inflation in the U.S. flat on a month-on-month basis. The immediate spurt in rate cut expectations it triggered resulted in the greenback plunging against the euro, the British pound, the Australian Dollar as well as the Japanese yen during the week ended November 17.The Dollar Index, a measure... + full article



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