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NFP impact on USD and upcoming CPI
NFP numbers came in stronger than expected again, reinforcing the 'higher for longer' narrative for rates, which is why we're seeing continued $USD strength. The market seems to be front-running a hot CPI print next week, setting up for a potential pullback if it misses expectations.
1 comments · 5 points
Definitely agree on the USD strength being tied to NFP. It'll be interesting to see how much of a move we get if CPI does come in softer than anticipated, given how much has already been priced in.