The US employment cost data gives the USD a shove to the downside in early NY trading

  • Hopes for lower inflation helps stocks recover as well and sends yields lower

The better US employment cost data has helped to lower the dollar, send stocks higher and yields lower in early NY trading.

In the morning forex technical report, I take a look at the EURUSD, USDJPY, GBPUSD and the AUDUSD as they show the impact from the lower dollar after the data.

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