CPI Beats But It Might Be Small Comfort To Beleaguered Dollar

Well if you needed a fun setup for this morning's CPI data in the U.S., you got one this week with the dollar in a tailspin and Treasurys trying to sort out what's real and what's "fake news" (to quote SAFE) with regard to China's alleged plans to "halt" purchases of U.S. debt. The dollar is now languishing at its lowest levels since September, while the euro is on an absolute tear, surging Friday to three-year highs on optimism about a breakthrough for Angela Merkel in the coalition building e

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2 thoughts on “CPI Beats But It Might Be Small Comfort To Beleaguered Dollar”

Nothing goes straight to zero. A dollar reaction due soon, whether from today’s Euro high or ~1.22 later.
When we finally see headlines in MSM about the dollar crash, you’ll know there’ll be a bounce instead.