THE dollar ended the week appreciating by 0.82% to 92.11 supported by tax reform talk from Trump’s administration and stronger economic data.
Both inflation and core inflation exceeded expectations at 0.4% month-on-month (m-o-m) and 1.7% year-on-year (y-o-y) respectively, causing increased expectations of another rate hike in 2017. US JOLTs job opening rose to a record high of 6.17 million in July while initial jobless claims fell unexpectedly to 284,000.
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