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Dollar Dips, Equities Rally as CPI Moderates

  • The greenback has settled lower post-CPI, helping boost EUR/USD to new intraday / weekly highs. This narrows the gap with first resistance at 1.1851.
  • Bond markets saw a similar response, with the US 10y yield dropping around 2bps to challenge the overnight lows at 1.3225%. Meanwhile, equities benefited most notably, boosting the e-mini S&P by over 25 points to touch new session highs of 4489.50.

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