The drop in US prices in December, led by fuel, air fares and vehicle-price falls, depressed the dollar yesterday as investors watched the prospect of further interest rate rises from the Federal Reserve disappear. Initial and continuing jobless claims were also below expectations.
The US dollar lost across the board yesterday, including by over 2% against the Japanese yen and over 1% against the Australian dollar.
Thus afternoon the headline data release is Michigan Consumer Sentiment, which gauges customer mood across the US.
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USD/GBP past year
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