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US dollar falls after the CPI data, but recovering a bit

Discussion in 'Technical Analysis' started by ForexLive, Oct 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Numbers near expectations for CPI, but Real avg weekly earnings are higher The initial move was for the dollar to fall a bit after the CPI data came in near expectations (core was 0.1% lower on the MoM and YoY), but that fall has seen a retracement (vs the JPY at least - the EURUSD is more supported though) as the numbers are digested. The 10 year yield is down about 1 BP (down a BP) as is the shorter 2 year yield (down a BP or so).

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