Morning Kickstart: AI equities rebound as USD after hot CPI. Thank you Veterans for your service
The American dollar is higher across the key currencies following yesterday's hotter-than-expected CPI report and another round of hawkish Fed commentary at the same time. The AI spending prospects is offering some reassurance for technology equities.
In this article
On the inflation data front, the American dollar is higher across the key currencies following yesterday's hotter-than-expected CPI report and another round of hawkish Fed commentary at the same time, according to investingLive. The AI spending prospects is offering some reassurance for technology equities.
Key points
- Headline prices moved higher 0.4% versus 0.3% expected, while core prices rose 0.3% versus 0.2% expected.
- I take a look at the three big currency pairs—EURUSD.
- The inflation and interest-rate prospects is offering considerably less reassurance for the broader economy.
- The US cash Treasury market is closed today for Veterans Day.
- The greenback's ability to hold its increases while technology shares rebound is worth watching.
Inside the Inflation data story
The inflation and interest-rate prospects is offering considerably less reassurance for the broader economy. I take a look at the three big currency pairs—EURUSD, USDJPY and GBPUSD—from a technical perspective in the morning video above. Headline prices moved higher 0.4% versus 0.3% expected, while core prices rose 0.3% versus 0.2% expected.
Shelter and other service prices continued to be part of the problem. The US cash Treasury market is closed today for Veterans Day.
That offered some reassurance about its financial prospects and the cost of expanding AI infrastructure. The greenback's ability to hold its increases while technology shares rebound is worth watching.
Why inflation data matters for traders
Inflation figures decide how long central banks keep interest rates high. Hotter-than-expected readings usually lift bond yields and the local currency, while softer data raise hopes of rate cuts.
Price data feed straight into central-bank decisions, which makes them some of the most market-moving releases on the calendar for forex, bonds and stocks.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-11 14:14 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,671.55 | -0.41% | 74,843.82 | 72,727.27 |
| Ethereum (ETH) | 2,049.91 | -0.98% | 2,096.59 | 2,006.00 |
| Solana (SOL) | 84.04 | -0.20% | 85.1 | 81.34 |
On the currency side, the latest ECB daily reference rates (2026-11-10) show EUR/USD 1.1214, GBP/USD 1.3423, AUD/USD 0.6904, NZD/USD 0.5628, USD/JPY 158.18, USD/CHF 0.8207, USD/CAD 1.4136, USD/CNY 6.6703. These are reference fixes, not live quotes.
What to watch next for inflation data
Next in focus are the coming inflation releases, central-bank reaction to them and changes in market pricing for future rate moves.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read InvestingLive European session wrap: Equities rally, dollar climbs as bond market sits out post-CPI action or see all of today's top market news.
FAQ
What is the latest inflation data news?
The American dollar is higher across the key currencies following yesterday's hotter-than-expected CPI report and another round of hawkish Fed commentary at the same time.
Why do inflation numbers move markets?
Inflation data change expectations for central-bank interest rates, and rate expectations drive currencies, bond yields and stock valuations.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
