The U.S. Dollar (/DX) is about to break out to the upside, says Bob Iaccino of Path Trading Partners. He discusses the Euro and Dollar relationship. He gives his thoughts on CPI and PPI. He says the payroll component is the part of the inflationary equation that can't be transitory; if you give someone a raise, you don't take it back, he points out. He feels the labor cost is the most important piece.
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14 Jul 2021
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