<p>The market quickly changed its mind about the CPI report.</p><p>The initial reaction was to sell the US dollar but it quickly reversed and now the dollar is higher. The market was
USD/CAD is tumbling and challenging the 1.4035 level near the 50 and 100 SMAs on the four-hour chart. As the move down was so abrupt a break below the mentione
Sterling has steadied and the outlook has brightened for GBP/USD as the Federal Reserve’s promise of unlimited US Dollar funding continues to help riskier assets such as GBP, AUD and crude oil.
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