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Dollar falls hard on inflation relief

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20 May 2024

Written by
Enrique Díaz-Álvarez

Chief Risk Officer at Ebury. Committed to mitigating FX risk through tailored strategies, detailed market insight, and FXFC forecasting for Bloomberg.

The US CPI inflation report for April was a touch softer than expected, and investors worldwide celebrated by sending stock markets to fresh record highs and selling safe havens like the US dollar, which fell against every G10 currency save the Swiss franc. Read more via our report below.

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