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US dollar comes under pressure with inflation not as hot as feared

US dollar comes under pressure with inflation not as hot as feared

Bond sellers run out of ammo
The US dollar is dumping after the CPI report.
It looks like this market was wrapped up in the risks around inflation and worried about another leg higher in Treasury yields. The CPI report was only fractionally higher than expectations and that’s led to a sigh of relief.

Source: Forexlive RSS Breaking news feed
Date: April 13, 2021, 23:00