Dollar, Treasuries Slump Following Light Core CPI Reading for August
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The U.S. dollar and Treasuries are seeing a little weakness following CPI data this morning. The number rose 0.6 percent in August, in-line with expectations.
Adjusted for more volatile food and energy costs, core CPI rose 0.1 percent, missing expectations by 0.1 point.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) and iShares Barclays 20+ Yr Treas.Bond (NYSE: TLT) are lower, among other tracking ETFs.
Adjusted for more volatile food and energy costs, core CPI rose 0.1 percent, missing expectations by 0.1 point.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) and iShares Barclays 20+ Yr Treas.Bond (NYSE: TLT) are lower, among other tracking ETFs.
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