Todays Trading and Fake News
EVANS: FED COULD RAISE RATES BEFORE AVG 2% INFLATION REACHED
Bloomberg headline accident or purposed?
Dollar Surges After Algos Misinterpret Evans Headline That "Fed May Raise Rates" Before 2% Inflation Hit
And the result is.....PM's go from positive to negative.
Of course, since Bloomberg is limited on the size of its headlines, it picked the key message and that was enough for algos to unleash momentum in the dollar. As a result, expect upcoming Fed speakers in the coming days to undo the damage that this particular "lost in translation" headline achieved.