Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Trump has made more than $1 billion from crypto in a year. How? 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Stronger than expected inflation has once again revamped the dollar.
Dollar index which was down more than 0.5% at one point is up more than 0.65% for the day in post inflation rally. During European hours Dollar index was trading below 95 level and after the CPI release from US testing the 96 mark to pose breakout over the key resistance. Comeback of dollar shows a breakout is very much likely.
US core CPI did the trick for Dollar.
- Headline CPI grew by 0.1% m/m and down -0.2% from a year ago but core CPI that excludes volatile components like energy and foods rose by 0.3% m/m in April and is up 1.8% from year ago.
Dollar index, which has broken month long down trend this week, likely to move higher. Currently trading at 96.05, up 0.7% today and more than 1% since CPI release.
Focus now turns on speech by Federal Reserve Governor Janet Yellen, scheduled at 17:30 GMT.
