Free Trial

USD Moves Higher Against CEE FX Following Positive Inflation Surprise

CEE
  • US inflation came in higher than expected at 8.3% YoY in April (vs. 8.1%), down from 8.5% the previous month.
  • USD has been trending higher following the release, with DXY currently trading above the 104 level.
  • USDCZK continues to retrace higher after breaking above its 24.04 resistance this morning (61.8% Fibo); the pair is currently trading slightly above 24.10 level.
  • USDPLN erased part of today’s gains and is currently testing its 4.4350 resistance; a break above that level would open the door for a move up to 4.45.
  • USDHUF surged back above the 361 level; next ST resistance to watch stands at 364.50.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.