Dollar Drops on CPI Shock but the Oil Rally Isn't Done
U.S. dollar falls sharply as U.S. inflation cools to 3.5% against 3.8% expected, while Brent crude climbs to $87 a barrel on renewed U.S.-Iran tensions.
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U.S. dollar falls sharply as U.S. inflation cools to 3.5% against 3.8% expected, while Brent crude climbs to $87 a barrel on renewed U.S.-Iran tensions. Fawad Razaqzada, Market Analyst at FOREX.com, explains why the dollar's weakness may not last and which EUR/USD levels matter next.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of FOREX.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
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