The dollar extended gains seen after yesterday’s hotter than expected print on U.S. CPI for April. The DXY USD index posted a new high for the week at 90.91. EUR-USD concurrently pegged a one-week low at 1.2051, which extended the correction from the 10-week high that was seen earlier in the week at 1.2107. USD-JPY eked out a one-month high at 107.79. Global markets continue to digest the inflation spike.
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