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News, Events, and Stories about currency from around the world.

Talking Points:

- This morning’s inflation report out of the United States saw fresh one-year highs in both headline and core CPI. This is now the seventh consecutive month of headline CPI coming-in at the Fed’s 2% target or higher, while Core CPI has crossed the 2% marker for the first time in the past 12 months. This inflation strength has helped the US Dollat to finally find some element of support after the sell-off that started around last week’s disappointing NFP report.

- The US Dollar[1] has been in a consistent sell-off since that NFP report[2], and on a short-term basis that move has become oversold. A pullback here could be helpful for USD[3] bears, as this could help to alleviate that oversold condition while also pushing prices back towards lower-high resistance. We look at a series of levels that’s interesting for such a scenario.

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From Provocative Tweets to US Inflation

It’s already been a busy morning already as the US session gets underway, as the day opened with some rather provocative tweets that appeared to carry pull across global markets; and this led into the CPI release of March inflation numbers out of the United States[7]. A little later today we’ll get the meeting minutes from

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The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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