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U.S. Dollar Continues to Gain Following Wednesday’s Inflation Data  -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — After Wednesday’s inflation data, the U.S. Dollar has continued to gain against major currencies on Thursday.

According to the Labor Department, inflation data showed that consumer prices in the United States for October and December rose 6.2% compared with a year earlier.

U.S. Treasury Bond yields and the soared as a consequence.

The Veterans Day holiday saw the U.S. Bond market remain closed. 

It is now close to 1.3350 and has dropped well below 1.34. However, it has broken through the 1.15 mark on Wednesday to trade at the 1.1450 point, which is the highest level since July 2013.

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