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Following the further rise in US CPI and FOMC minutes' solidifying an imminent taper, rate hike expectations have moved even further forward, but the Dollar still suffered its biggest drop in 5-months. Why? https://www.dailyfx.com/forex/video/daily_news_report/2021/10/14/Dollar-Reverses-Despite-High-Inflation-and-FOMC-Taper-Talk-Where-to-Next.html https://t.co/bs4kfXETv8
The $DXY Dollar Index has registered its third worst day in 5-months on a day that CPI pushed to fresh multi-year highs and the FOMC minutes suggest a taper is close at hand. Have we fully priced the Fed normalizing? https://t.co/6aDRq2UGR7
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