 Dollar spiked higher after US PPI reported stronger-than-expected monthly rise. However, this upward movement was quickly reversed within minutes, indicating that bearish sentiment continues to dominate the greenback. The key question now is whether Dollar will see downside breakouts before tomorrow's crucial CPI release. Sterling's movements have also been indecisive. The Pound initially recovered following stronger-than-expected UK wage growth data but upside was capped by a rise in unemployment rate. It softened again after BoE Chief Economist Huw Pill affirmed that a summer rate cut is "not unreasonable." Despite these fluctuations, Sterling remains within yesterday's range, except against Yen... | 
