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Dollar tumbles on cooler-than-expected US inflation

November 15, 2023 XM.com
Global Market Insights - Forex, Futures, Stocks
Dollar tumbles on cooler-than-expected US inflation
Show Notes

Slowing US inflation confirms view that Fed is done with hikes. Aussie and kiwi gain the most on bolstering risk sentiment. Pound pulls slightly back on lower-than-expected UK inflation. Wall Street rallies as investors cheer US inflation data.

Yen falls to lowest levels in a year as stock markets soar. Dollar mostly ignores Moody’s credit outlook downgrade. Gold nurses losses, waiting for tomorrow’s US inflation stats.

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