595 days ago • Posted by Ajmir Omid
#EURUSD jumps on dollar weakness #forex #trading #markets
EURUSD soared more than 1% as dollar softness deteriorated. The dollar plummeted after the publication of the US inflation number, which came in below estimates. A softer print suggests we might be past peak inflation and this could take off pressure from the Federal Reserve to raise rates further, a move that would reduce the appetite for the dollar.