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.
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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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