US inflation released this Friday was worse-than-expected, and while is not a game changer for the Fed, it actually was for the greenback, sending it sharply lower across the board. Somehow, the movement indicates a) that a rate hike is pretty much priced in, and b) that confidence in whatever reform Trump will bring continues fading. Bottom line, despite retaining part of its gains, the future does not look that bright for the USD at this point.
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