FOREX-Dollar slips after U.S. inflation data

[OZER]

LONDON, Dec 10 (Reuters) - The dollar shed early gains and
turned lower on Friday after U.S. consumer prices increased
further in November, posting their largest annual rise in 39
years as investors took profits before a Federal Reserve meeting
next week.

The data, along expected lines, puts added pressure on
policymakers to withdraw pandemic-era stimulus at a faster pace
in coming months.

There is some relief that we did not get a 7 (percent)
handle on headline inflation and the dollar response is
partially because there is a lot priced into the markets already
in terms of rate expectations next year," said Kenneth Broux, an
FX strategist at Societe Generale in London.

Source https://www.lse.co.uk/news/forex-dollar-slips-after-us-inflation-data-8z8gvqb1xjf1lax.html

[inflexion]

What changed in 3 days. Now your saying the economy is great. Lmfao  State ran media.... its funny how after meeting with bidens white house and they told you to stop talking negative about the economy.  We know the Economy is crashing. How do we know? We see it in everyday life. Unlike you guys we actually live in the real world trying to get by.  While the rich can sit back.

[Zenyii]

So why is Bitcoin worh so much? Because they aren't making anymote of it unlike crooked banks and govts

[DennisLevis]

Elections have consequences..TRUMP 2024   

[countrified]

It was cause by US China Trade War. Banning and Tax Chinese Cheap Goods , China also restrict their export    causing Demand over Supply. Taxing Chinese goods eventually cause price of cheap goods goes higher and China revenge US by restrict their export to slow down their supply chain. China is slow down their economy to hurt US even more. By the way World are facing Inflation  cause by US China trade war

[NightmareX91]

Remember when you guys said this was a problem?

[beak]

These members of congress dont understand crypto

[size]

5:50 This guy has no clue about Bitcoin, period. It is ok, but they need to read more about it before sharing opinions in this manner. Btw, I do not think Bitcoin is the best asset. Nevertheless saying Bitcoin does not have fundamuntal value is incorrect.

[edusenx]

The most stupid is how some commentators and politicians just want to be against anything that FED does and now are talking about how they should raise the interest rates. Economics does not work like there is some magical lever you would put up and inflation would just stop. People in FED are not some idiots and they at least kind of know what they are doing, in opposition to politicians.

[nudism]

It's pretty simple when it comes to economics and or war time last person you want running the country is a Democrat anyone with a functional brain knows this

[emoedward123]

The Rich think say were in A Bubble because LITERALLY they can Pop That Bubble Just by liquidating their Positions.

[Sou_Jhol]

The Fed printing more money will just slow down the economic collapse, it will eventually happen one day, and it's not just in the US, any other countries have the same chance. This is why I invest in crypto. Not a financial advice of course but if you look back in history, bitcoin's price just keeps getting higher unlike fiat money we have today.

[MagicLinx]

this isnt good optics for biden,  should shut this down

[Darx]

I hope crypto crashes hard because I need a GPU. it's been disrupting GPU supply for years now. it has to stop.

[supervisory]

Republicans grok this so much more than the Democrats.