Sticky US inflation fuels the dollar’s engines

Dollar rallies across the board after higher-than-expected CPIs. Investors scale back their rate cut bets, get closer to Fed’s dot plot. Dollar/yen surges above 150, triggers intervention warnings. Pound extends declines after UK CPIs, awaits tomorrow’s GDP.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.