Earlier today a combo of U.S. inflation and retail sales reports for September was published. Inflation indicators came in somewhat weaker than expected but mostly higher than in August while retail sales were better than expected.
Market focus was on inflation and initial reaction was to sell the U.S. dollar. Moves stalled after 50 - 70 pips and later reversed to various extents across U.S. dollar pairs as traders digested otherwise solid reports. The dollar is closing the week lower against all major currencies.
Market focus was on inflation and initial reaction was to sell the U.S. dollar. Moves stalled after 50 - 70 pips and later reversed to various extents across U.S. dollar pairs as traders digested otherwise solid reports. The dollar is closing the week lower against all major currencies.
