Macro Morning

By Chris Becker 

A very busy night on risk markets with a much higher than expected CPI print taking the bottom out of European stocks who were expecting the easy ECB to keep things inflated, while a booming US consumer also highlighted the risk of a less dovish Fed going into tonights FOMC meeting as Wall Street stumbled. Gold rose but other undollars are under pressure, with Pound Sterling getting Johnsoned once again while the Aussie dollar is hell bent on reaching new yearly lows.

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