Posted 1/15/2024, 9:43:40 PM
US Dollar Gains on Hot Inflation Data, But Rate Cut Bets Persist
- US Dollar registers mild gains after higher-than-expected CPI data, DXY trades around 102.60
- Markets expect Fed rate cuts in 2023 despite hot inflation numbers based on dovish stance
- This week Focus on US Retail Sales and Fed Beige Book for rate cut odds impact
- Technical Analysis Bulls have upper hand in short-term, longer-term outlook still bearish
- Risk Sentiment "Risk-on" assets like stocks, commodities strengthen; "risk-off" assets like bonds, gold, and safe-haven currencies strengthen