Month: April 2022

Dollar drops in early US session together with treasury yields after consumer inflation data. While headline CPI came in higher than expected, core CPI’s pick up missed expectations. Commodity currencies are trading generally higher as US futures point to a rebound in major stock indexes. European majors are also attempting a recovery but momentum is
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GBP/USD edged lower on Tuesday amid sustained USD buying interest. Bulls seemed unimpressed and largely shrugged off upbeat UK jobs data. The market focus remains glued to the latest US consumer inflation figures. The GBP/USD pair remained depressed through the early European session, with bears still awaiting sustained weakness below the 1.3000 psychological mark. Following
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