The USD has moved higher initially after the higher than expected CPI data. The EURUSD moved to a new session low at 1.0508 from a pre-level of 1.0546. The GBPUSD also moved to a new session low at 1.2301 from 1.2356. Both the EURUSD and GBPUSD are holding the natural support at 1.0500 and 1.2300 so far at least. The USDJPY is testing its 100 hour moving average at 130.401.The USDCHF moved back above its 100 hour moving average at 0.9901 and trades at 0.99 the 30. That is still down on the day 0.99577The USDCAD, AUDUSD and NZDUSD have all given up some of their gains but still remains higher on the day. The AUDUSD had risen up to test its 100 hour moving average near 0.7023. It currently trades at 0.6965The NZDUSD moved from 0.6344 down to 0.6312.The USDCAD is trading at 1.3012 after trading near 1.2970 prior to the reportBefore the report, the equity futures were implying gains showing:Dow 283. Nasdaq 173 S&P 43.95Currently, Dow is up 34 pointsS&P is unchangedNASDAQ is down -31 pointsUS yields are now higher:2 year 2.688%, +6.6 basis points5 year 2.973%, +5.5 basis points10 year 3.024%, +3.1 basis points30 year 3.146%, +2.0 basis points
USD moves higher after higher than expected CPI data. Stocks lower. Yields higher
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