{"id":436100,"date":"2026-08-12T23:40:12","date_gmt":"2026-08-12T16:40:12","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-usds-fall-fizzles-the-declines-are-retraced-and-then-some-436100\/"},"modified":"2026-08-12T23:40:12","modified_gmt":"2026-08-12T16:40:12","slug":"the-usds-fall-fizzles-the-declines-are-retraced-and-then-some","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-usds-fall-fizzles-the-declines-are-retraced-and-then-some-436100\/","title":{"rendered":"The USDs fall fizzles.  The declines are retraced and then some"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">Traders appeared willing to give the CPI data the benefit of the doubt, particularly with housing accounting for roughly two-thirds of the overall increase. The initial market reaction sent the U.S. dollar lower, but across many of the major currency pairs, the dollar&#8217;s decline quickly ran into key technical levels.<\/p>\n<p>A number of those levels could not be breached. When the breaks failed, the price action began to reverse, with the U.S. dollar moving back higher. As a result, several of the major pairs have now returned to \u2014 or even moved through \u2014 the levels where they were trading before the CPI release.<\/p>\n<p>In the video above, I take another look at EURUSD, USDJPY, GBPUSD, USDCHF and USDCAD, reevaluating what happened after the CPI report, what didn&#8217;t happen technically, and where the bias, risk and targets now stand for each of the major currency pairs.<\/p>\n<p>Meanwhile, U.S. Treasury yields remain lower on the day, although they have moved off their session lows:<\/p>\n<ul>\n<li>2-year: 4.188%, -2.9 basis points\n<\/li>\n<li>5-year: 4.358%, -2.6 basis points\n<\/li>\n<li>10-year: 4.668%, -1.6 basis points\n<\/li>\n<li>30-year: 5.231%, -3.3 basis points\n<\/li>\n<\/ul>\n<p>U.S. stocks also remain higher, but have backed off their best levels of the session:<\/p>\n<ul>\n<li>S&amp;P 500: +0.23%\n<\/li>\n<li>NASDAQ Composite: +0.46%\n<\/li>\n<li>NASDAQ 100: +0.82%\n<\/li>\n<li>Dow Industrials: unchanged on the day\n<\/li>\n<\/ul>\n<p>The post-CPI moves have therefore lost some of their initial momentum, with the dollar recovering, Treasury yields trimming their declines, and equities giving back part of their earlier gains.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Traders appeared willing to give the CPI data the benefit of the doubt, particularly with housing accounting for roughly two-thirds of the overall increase. The initial market reaction sent the U.S. dollar&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436100","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436100"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436100\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}