US Core CPI Hits 6%! What's Ahead US Dollar (USD)?

Reduction In Demand For Power In UK, Bank of Japan Plans To Maintain Current Policy

US CPI Hit 6%! What does it mean for US Dollar? Let's check out the charts:

On Friday the release of US CPI inflation data indicated that consumer price inflation increased. The hawkish Fed's attempts to combat inflation through the hiking of interst rates are likely to continue in the wake of the new information. The CPI data reflects the pressure felt by consumers due to rising shelter, gasoline and food prices.

Dollar Index (DXY)


Charts: Courtesy Of Trading View

Source: TradingView,