How Donald Trump has changed the way diplomacy is done 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
AI Memory Boom Sparks Global Chip Supply Crunch 
Stronger than expected inflation has once again revamped the dollar.
Dollar index which was down more than 0.5% at one point is up more than 0.65% for the day in post inflation rally. During European hours Dollar index was trading below 95 level and after the CPI release from US testing the 96 mark to pose breakout over the key resistance. Comeback of dollar shows a breakout is very much likely.
US core CPI did the trick for Dollar.
- Headline CPI grew by 0.1% m/m and down -0.2% from a year ago but core CPI that excludes volatile components like energy and foods rose by 0.3% m/m in April and is up 1.8% from year ago.
Dollar index, which has broken month long down trend this week, likely to move higher. Currently trading at 96.05, up 0.7% today and more than 1% since CPI release.
Focus now turns on speech by Federal Reserve Governor Janet Yellen, scheduled at 17:30 GMT.
