Cooling US inflation triggers USD sell-off
A slowdown in US inflation hammered the US dollar over the past two weeks, while prompting a risk-on rally in markets. However, downbeat economic and geopolitical news caused some turbulence.
A slowdown in US inflation hammered the US dollar over the past two weeks, while prompting a risk-on rally in markets. However, downbeat economic and geopolitical news caused some turbulence.
The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.