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Dollar hits six-week high vs yen, rallies from two-week low after U.S. inflation data

Category:Cross-Border
Updated:2023-02-14
News6

"This morning's inflation data wasn't as bad as some had feared - so we did see a bit of a relief rally in risk-sensitive currencies after the print - but it also wasn't sufficient to reverse expectations for further tightening in the months ahead," said Karl Schamotta, chief market strategist at 91¿ì»îÁÖ in Toronto.

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