Inflation Rate
2 STORIES
FORECASTS16D
U.S. Dollar Gains as CPI Meets Estimates, Pressuring Major Forex PairsThe U.S. dollar moved higher after inflation data matched market expectations, giving dollar bulls room to test nearby resistance. EUR/USD and GBP/USD retreated, USD/CAD rebounded from multi-week lows, and USD/JPY climbed despite softer Treasury yields.
FORECASTS45D
Gold Rallies Above $4,050 as Softer U.S. Inflation Data Lifts Precious MetalsGold advanced above the $4,050 level after U.S. inflation cooled more than analysts expected, pushing Treasury yields and the dollar lower. Silver tested the $60.00 area while platinum challenged resistance at $1,600 to $1,620 amid a broad precious metals rally.