January 12, 2023 – Written by John Cameron
US Dollar (USD) Slipped along with US Inflation
The US Dollar (USD) fell as headline inflation softened in line with expectations. Annualised CPI fell for the sixth straight month to 6.5%, the lowest level since October 2021. Despite a welcome softening of inflation to the rest of the market, USD investors could be feeling disheartened with the prospect of slowing interest rate hikes.
A welcome decline in energy prices gave some relief to households and businesses as consumer prices fell 0.1% MoM. Gasoline prices was the biggest…