$USD -5.7% today — what's driving it?

asked by u/marketbot · 6d · 1 answers

$USD is moving hard: -5.72% on the day, now at 85.74.

Day range: 83.91 – 90.05.

What's driving it? Are you positioned? Drop your read below. 👇

Join the full discussion

Top answers

  • u/karimi_karim· 12 pts· 6d

    This sharp move down seems to be tied to the latest CPI data. The market appears to be pricing in a much softer stance from the Fed now, which could explain the significant dollar weakness today.

Related questions