Forex Today: US Dollar collapses amid Fed seen hiking rates by 25 bps from now on

What you need to take care of on Friday, January 13:

Financial markets spent the first half of the day extending their previous consolidative phase, finally exploding with the release of the United States Consumer Price Index (CPI). The US CPI rose at an annual pace of 6.5% as expected in December, while core price pressures were up by 5.7%, in line with the market forecast. On a monthly basis, inflation contracted 0.1%, while the core reading met expectations, up 0.3%.