Posted 2/15/2024, 3:16:45 PM
US Dollar Slips as Markets See Latest Inflation Data as Temporary; Equities Rebound on Rate Cut Hopes
- US Dollar declines on weaker Retail Sales data after temporary inflation-driven gains
- Markets view latest inflation print as outlier; disinflationary path and rate cuts still seen ahead
- US Dollar Index could dip back to 104 before finding support
- Equities rebound on renewed hopes of a pause/cut in March
- DXY stalling ahead of 105; support at 104.59, 200-day SMA near 103.67