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Greenback's Muted CPI Response Sees EUR/USD Meet Monday High

DATA REACT
  • Very brief spell of USD strength now wholly reversed, with the ebbing lower of the dollar helping EUR/USD meet resistance at yesterday's high of 1.0749.
  • Currency markets largely back to pre-data levels at typing, mimicking the price action in front-end US yields. 2y at 4.28% is broadly inline with pre-CPI.
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  • Very brief spell of USD strength now wholly reversed, with the ebbing lower of the dollar helping EUR/USD meet resistance at yesterday's high of 1.0749.
  • Currency markets largely back to pre-data levels at typing, mimicking the price action in front-end US yields. 2y at 4.28% is broadly inline with pre-CPI.