Forex in 60 Seconds - Dollar Finds Relief In 17-Year High CPI Numbers

Published July 17th, 2008 - 02:12 GMT
Al Bawaba
Al Bawaba



 ·          DOllar sees sharp reversal after 17-year high in consumer inflation.
 ·          Pound hurt by the worst labor data in years, further diminishing wage inflaiton fears.

Stories to watch on DailyFX

·          What are the chances of a Fed rate hike this year with Fannie and Freddie countering high inflation?
·          Will housing data influence a dollar wrapped up in inflation and financial market concerns?

Send any comments or questions to [email protected]