CPI Meets Expectations but Caution Remains as USD Stays Strong

EUR/USD One Day Chart on 13th November 2024

Initial jump in EURUSD, but caution returned after U.S CPI data met expectations. This was a tame outcome for inflation and Fed doves, but financial institutions in Forex remain risk adverse and USD centric. When will tide turn to bullish perspectives vs. USD? PPI tmrw.