Dollar retreats from 18-month high despite hot US PPI and retail sales
The dollar eased from 18-month highs even as US PPI hit 6.3% against 5.3% expected and retail sales beat, while sterling rose on stronger UK growth data.
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The dollar eased from 18-month highs even as US PPI hit 6.3% against 5.3% expected and retail sales beat, while sterling rose on stronger UK growth data.
The dollar held near an 18-month high after hot US CPI, as Fed's Goolsbee called the data discouraging and the Beige Book showed price pressures broadening.
The dollar rose and US yields jumped after September CPI hit 3.7% against 3.6% expected, with core at 2.6%, reviving Fed rate hike fears across FX markets.
The dollar fell against every major as Fed's Williams saw no 2027 hike, while the yen lagged on BoJ reports and traders awaited US CPI.
The dollar index slipped from an 18-month high as oil eased and yields fell, while sterling gained on BoE hike bets ahead of Wednesday's US inflation data.
The dollar index slipped from an 18-month high in Asia as EUR/USD steadied near 1.1165, while RBA minutes backed prompt action and Japan's PPI missed.
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Bitcoin dropped 2.02% to $81,886 after a hotter-than-expected US September CPI report, while total crypto market value fell 4.25% to $2.773 trillion.
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Bitcoin rose 1.03% to $83,369 after dipping near $81,000, as US stocks shrugged off a Korea tech rout and traders looked to Wednesday's CPI data.
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