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It was a wild ride for the USD overnight with a downside
surprise to the CPI print for May at 1.9%y/y vs. the previous 2.2%.
Retail sales also came off by -0.3%m/m vs. Apr’s 0.4% growth, also
undershooting the consensus of 0.0%. Softer data drove the DXY to fresh
multi-month lows at the start of NY session. That did not last long as
the Fed went ahead with a 25 bps rate hike overnight anyway. That
completely reversed out the EUR gains against the USD by the end of...
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