February 14, 2023
Dollar hits six-week high vs yen, rallies from two-week low after U.S. inflation data
"This morning's inflation data wasn't as bad as some had feared - so we did see a bit of a relief rally in risk-sensitive currencies after the print - but it also wasn't sufficient to reverse expectations for further tightening in the months ahead," said Karl Schamotta, chief market strategist at Corpay in Toronto.