Epic Dollar Breakdown Continues, PPI on the Brink of Deflation

The US dollar is continuing it's plunge this morning with the US Dollar Index (DXY) threatening a break below 100. This comes as the US Producer Price Index rose just 0.1% year over year, the lowest reading since December of 2021. However markets remain Fed-Focused and this is being viewed as good news by those longing for the days of zero interest rate policy and overheating money printers.

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#PPI #DXY #deflation