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US CPI Hits 17-Year High, US Dollar Likely To Consolidate Gains on Friday (Forex Video)

Thursday, 14 August 2008 21:25:20 GMT

Written by Terri Belkas, Currency Strategist

·         US dollar rally continues as US CPI hits 17-year high...
·         However, a consolidation period may follow as event risk is limited on Friday.

Stories to watch on DailyFX

·          Forex positioning suggest that the US dollar could be in for a consolidation period.
·          US inflation hits a 17-year high - what does it mean for the US dollar?

Send any comments or questions to tbelkas@dailyfx.com.

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