The CPI has been low, but consumer sentiment has been sizzling
The US dollar has slowly rebounded after the collapse wrong on the numbers of the CPI.
Really, today, should be one of the strongest of the day of the euro. The leaks from the ECB suggests QE will be reduced by half in January, but it is flat on the day at 1.1835 after having risen as high as 1.1875 on the CPI surge.
Elsewhere, the U.S. dollar is slowly coming back up. The USD/JPY was at 112.20 prior to the CPI data, then fell to 111.69 but has recovered to 111.93.