Euro slides versus dollar as US inflation beats forecasts, boosting Treasury yields and strengthening expectations for higher rates.
Pound weakens as Starmer resignation calls grow; political risk premium lifts EUR/GBP, with fiscal-rule uncertainty weighing.
Nasdaq 100 surged 19%, then turned bearish; key EMA supports may decide pullback depth and next rally.
United States Redbook Index climbed to 9.6% year-on-year on May 8, up from 7.8%.
US inflation hit 3.8% in April as core rose; markets priced higher Fed rates, lifting dollar.
TD Securities sees euro holding firm versus pound and Canadian dollar on UK politics, central-bank divergence, oil.
US April CPI hit 3.8% y/y, topping forecasts; core firm, energy-led rise boosted dollar, hawkish expectations.
US core CPI, excluding food and energy, rose to 335.423 in April from 334.165, up 1.258.
Dollar rises with oil, USD/JPY nears 158; Japan signals possible intervention amid volatility and persistent yen weakness.
Private-sector hiring edged up late April; employers added 33,000 weekly; job and wage gains influence inflation.
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