Original title: US inflation “explodes” and US dollar “has a good day” technical chart implies US dollar is strongly bearish for a long time. How can investors take profits? Fx168 financial news (Hong Kong) Friday (June 11) Asian intraday, the U.S. dollar index continued to bear pressure, the index is now slightly below the 90 level. Nicholas kitonyi, an analyst at financial website fxdailyreport, wrote an article to analyze the short-term technical prospects of the dollar index. U.S. inflation climbed to a 13 year high in May, according to the latest government data released on Thursday. After the data came out, the dollar rose first and then fell. According to the data released by the U.S. Department of labor, the U.S. consumer price index (CPI) rose at an annual rate of 5% in May, exceeding the market expectation of 4.7%, reaching a record high since August 2008
Original title: US inflation “explodes” and US dollar “has a good day” technical chart implies US dollar is strongly bearish.