The dollar rallied, and yields rose after the early mix of data, where core CPI was a bit warmer than expected, and jobless claims fell to 40-year lows. Equities came off their best levels, as the theme of good news is bad news remained, though late day buying ultimately saw Wall Street put in a good performance. EUR-USD fell from near r1.1450 to lows of 1.1364 after the U.S. data, while USD-JPY perked up to 118.77 from under 118.10. The data did not move the goal posts as far as Fed rate lift-off is concerned, so dollar gains may ultimately be fleeting.
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