XE Market Analysis: Europe – Jan 15, 2018

.The dollar posted fresh lows versus the euro, sterling and yen, among other currencies, before rebounding some. Friday’s hotter than expected U.S. CPI data, and decent retail sales data, which were followed-up by relatively hawkish remarks from Fed member Rosengren, who said that he now favours more than three 25 bp rate hikes this year, should help market participants justify picking up dollars on dips. The head of the Bundesbank Weidmann, a hawk by reputation, also played down the prospects of a rate hike anytime soon in remarks he made late on Friday.