Reply To: Forex Traders Weekly Outlook – US Dollar Safe Haven Flows and Yields

#47716
Truman
Participant

The US dollar fell 60 pips across the board after PPI came in much lower than expected.

October producer price index was at 8.0% compared to 8.3% expected.

It was seen as another sign that inflation has peaked, and that the Fed needn’t raise rates much above 5%.

USDJPY fell 160 pips 137.69 at one stage