EURUSD’s breakdown reversed before the minutes were released, but they didn’t help. Ahead, the focus may shift back into growth concerns as we approach NFPs
The Consumer Price Index (CPI) released today shows that average prices for goods went up 0.1 percent in November compared to October, and increased 7.1 percent on an annual basis, revealing a cooling down of inflationary expansion as expected by economists even as prices persist at decades-high levels.
Despite the Dow’s hefty 2.2 percent charge on Wednesday and its return to a technical ‘bull market’, there was little indulgence of notable event risk to keep the run going