The dollar has consolidated gains seen after yesterday’s hotter than expected print on U.S. CPI for April. The DXY USD index has settled under the 90.80 post-data high, which is the loftiest level seen since last Friday. EUR-USD has concurrently settled above yesterday’s low at 1.2065, which extended the correction from the 10-week high that was seen earlier in the week at 1.2107. USD-JPY still managed to eke out a one-month high at 107.79. Global markets continue to digest the CPI figures.
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