Early in the Asia session the greenback nursed small losses, as traders figured there were enough one-offs in last month's 0.6% rise in consumer prices to support the Federal Reserve's insistence that inflation was likely to be transitory.
"It basically fit the Fed script, that we'd get a burst but it's going to be temporary," said Westpac currency analyst Imre Speizer. Benchmark 10-year U.S. Treasuries actually rallied to a three-month high in the wake of CPI, as short sellers capitulated, and quit bets on rising yields.
Slow spending, drive prices down.
Hope $ goes to dogs! Biden's economic sanctions too. Economic sanctions killing real humans in Biden's enemy states. Yes I am all for US$ ceasing to have any value in global trade! That is Kingdom come for me! Now the Lord's prayer! Thy Kingdom come! Jesus' Kingdom! Not Biden's!
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