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💵🔺Dollar Extends Higher, Trims Gains Into The Weekend: Cable FX Macro

  • Soft dollar trading at the beginning of the week was followed by a rally into U.S. CPI data, all G10 peers posted losses except the Swiss franc. Commodity currencies posted the largest declines, CAD slipped 1.4%

  • The yen and sterling extended losses this week, October sees the kiwi and the yen underperforming, the latter is down 3.7%

  • Tier-1 data in the form of US CPI and PPI didn't move the needle for Fed November pricing despite inflation metrics topping the consensus surveys




 
 
 

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