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US CPI coming this week, what's your read on impact for $USDTHB?
Got the US CPI data hitting us this week. Given how sticky inflation's been, particularly in the core numbers, I'm leaning towards continued hawkish rhetoric from the Fed. How do you guys see this playing out for $USDTHB? We're hovering around 33.63 today; thinking any surprises could give us another leg up or down depending on the print. Just curious about others' general sentiment on its immediate impact.
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I'm still learning how these CPI reports impact currency pairs, especially when it's USD against a smaller economy like Thailand. Does a higher CPI in the US automatically mean a stronger dollar, or is it more nuanced than that?