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Dollar slips after US Q4 CPI remains unchanged- EUR/USD lifts
The noted US Q4 final CPI revisions have remained largely unchanged, at 3.3%. That data was released a short while ago and it sent the US stock futures higher across the board and also sent US yields lower. Perhaps the markets were concerned this might be revised higher, well, it has not and that has further underpinned the outlook for the US equity market opening this afternoon. The S+P 500 futures jumped on this news and the dollar fell back. Perhaps this was rather an overreaction to the news, but it has dented the US currency a bit more just now. The EUR/USD rose to a new session high, at 1.0795. That was also a new high on the week so far too, but it has backed off a bit now, currently trading at 1.0784
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