USD strengthens across the board

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The USD has been the strongest mover today as it looked to fly up the charts on the back of global uncertainty and on the back of positive economic data. PPI data m/m was above expectations of 0.2%, coming in strongly at 0.3%. This helped push the Y/Y on figure to 2.8% (2.6% exp), which shows that despite the turmoil there is still some economic strength in the dollar. The USD bulls will now be focused on tomorrows CPI reading which will carry a lot of weight with the market, as bulls will be hoping for a hawkish signal in the form of a better than expected reading. Anything below… Read More

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