EUR/USD Loses 0.15%, GBP/USD Loses 0.35%, USD/JPY Gains 0.35%! You Hawkish Fed! Dollar Strengthens!

Fast rising U.S. CPI data adds to equity market woes | Saxo Bank

Yesterday we were following forex pairs with dollars. Everybody follows dollar index (DXY) to check market’s reaction to Fed rhetoric which is verbalised by Jerome Powell (Chairman) again. Next rate hikes are highly expected.

EUR/USD Chart

EUR/USD Loses 0.15%, GBP/USD Loses 0.35%, USD/JPY Gains 0.35%! You Hawkish Fed! Dollar Strengthens!  - 1

GBP/USD Chart

EUR/USD Loses 0.15%, GBP/USD Loses 0.35%, USD/JPY Gains 0.35%! You Hawkish Fed! Dollar Strengthens!  - 2

USD/JPY Chart

EUR/USD Loses 0.15%, GBP/USD Loses 0.35%, USD/JPY Gains 0.35%! You Hawkish Fed! Dollar Strengthens!  - 3

USD/PLN Chart - exotic pair has gained this time, dollar seems to feel better

EUR/USD Loses 0.15%, GBP/USD Loses 0.35%, USD/JPY Gains 0.35%! You Hawkish Fed! Dollar Strengthens!  - 4

Source/Data: Investing.com, Goldman Sachs, TradingView.com

Fast rising U.S. CPI data adds to equity market woes | Saxo Bank

Mikołaj Marcinowski

Business Development Manager FXMAG

Journalist, finance passionate