The Greenback fell yesterday after the week U.S. inflation data, with the popular currency been already weak on signs of easing trade tensions between the United States and China.
Emerging currencies, like the Mexican peso, hold their profits having surged, as traders in emerging markets relieved that Turkey's central bank had raised the interest rate to 24% to restore confidence in the lira.
The USD took a big slap during the night after the U.S. consumer price index (CPI), the government's broadest inflation gauge, rose just 0.2% last month and less than the 0.3 % according to Reuter’s poll.
The Chief Forex strategist at Mizuho Securities in Tokyo Masafumi Yamamoto said "The dollar has sagged mainly due to the soft U.S. CPI,"
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Daily Analysis - 14/09/2018