US Dollar Bearish Momentum Extends After CPI, TD Securities Says
TD Securities strategists say July US inflation was broadly in line with expectations, reinforcing bearish momentum in the dollar.
DXY
Strategists at TD Securities noted that July US inflation came in broadly as expected. Headline CPI rose 0.1% month-over-month, while core CPI increased 0.2%.
Following the report, the US dollar’s bearish momentum extended, according to the strategists.
Source: FXStreet Forex News