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US Dollar Smashed After CPI: When Good News Goes Bad

DailyFX - Feeds all James Stanley

The US Dollar saw an aggressive sell-off after yesterday's CPI-induced spike, helping to drive major pairs across the Forex market. But when good news begins to get construed in a bearish manner, something is amiss, and traders should take note.

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US Dollar Slide Looks to Continue amid Key Technical Developments

Outside engulfing bars across multiple USD-pairs yesterday suggests the pain isn't over for the greenback.