Higher-than-expected CPI for February has pointed toward higher inflation, pushing all major currencies higher against the Dollar. This CPI shows that inflation is ramping up sooner and faster than expected. These two charts showing the Euro and British Pound springing higher against the Dollar at 8:30 am EST are symbolic of this phenomenon.
Euro - the Euro has risen 10 of the past 12 days! You should see the daily chart (not shown).
British Pound - it tumbled on release of a surprising unemployment rise in UK, but rose again upon release of the rising CPI data in the United States.
