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The USD strengthen today right?


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15 hours ago, BillionaireFXTrader said:

After todays cpi news, although yoy & mom was same as expections. But core cpi and main cpi was better than expectations, what do you guys think about this?

Hi @BillionaireFXTrader

The US consumer price index

On Tuesday, the US consumer price index (CPI), a closely watched inflation gauge, increased 0.1% in November and was up 3.1% from a year ago. Excluding volatile food and energy prices, the core CPI increased 0.3% on the month and 4% from a year ago, in line with the consensus. A 2.3% decrease in energy prices helped keep inflation in check, as gasoline fell 6% and fuel oil was off 2.7%. Food prices increased by 0.2%. The Federal Reserve is set to hold interest rates for their third policy meeting and keep the federal funds rate at a 22-year high of 5.25–5.5 per cent.

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