US Dollar rallied against the Euro this morning, and US treasuries are selling off ahead of the CPI report, meaning the markets think we will see higher consumer inflation. I think if that's the case, we may see a spike lower, but support around 1.4600 to 1.4620 should hold on the longer term US interest rate and US growth sentiment.
If we see weak inflation, we'll probably see the US Dollar sell off immediately...we'll just have to wait and see!
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