US Dollar Pushes Back Up to highs The immediate response in the Greenback after that inflation release was a quick move back-up to the highs that were set earlier this morning. Given the scope of today's breakout, that makes sense as traders are now coming to grips with two factors of strength for the US Dollar: Both interest rate policy on the basis of monetary policy divergence combined with apparent ‘safe-haven,' flight-to-quality flows on the back of the growing fear of contagion in the European banking sector.
US Dollar Five-Minute Price Chart: Pushing Back-Up to Highs After Inflation Chart prepared by