​Dollar Dumped To 4-Mo Lows, Bitcoin & Big-Caps Pumped Ahead Of CPI Tsunami – Tyler Durden

Dollar Dumped To 4-Mo Lows, Bitcoin & Big-Caps Pumped Ahead Of CPI Tsunami Cooler than expected headline and core PPI (dovish for monetary policy hopefuls) trumped the margin-compression (bearish for corporate profitability and therefore stocks) aspect of the producer prices data this morning exaggerating a weak-dollar/BTFD stocks trend that emerged overnight. The ‘cool’ PPI knocked the ‘inflation-surprise’-macro-index down to its lowest since February… but at the same time ‘growth-surprise’ data has also stagnated significantly… Source: Bloomberg But, it was the dollar index that stood out today, tanking to post-payrolls plunge lows… Source: Bloomberg … dumped to its lowest in four…  — Continue at ZeroHedge News : Read More