The U.S. Dollar price rebounded after falling near a 3-month low last Friday. "It took us over a year to go from $90 to $114. I think it will take longer for inflation to work itself out than just the last Consumer Price Index or CPI print. The yield curve is indicating the same sentiment as it reversed higher after the hawkish tone from Federal Reserve's Waller. The bond market today is being driven by possible lower interest rates in the future," says Chris Robinson.
14 Nov 2022
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