US Inflation Halts Dollar’s Advance

euro exchange rate 2

“At present the Fed is proceeding with caution, with stable growth in the labour market being the linchpin of US economic progress. The pullback in inflation does, however, cast a gloomy cloud over America’s interest rate cycle, with Yellen unlikely to hike in the next few months if we are comfortably outside of the 2% target rate,”

Alex Lydall quoted in Currency Watch

— —