The dollar spikes after a bunch of strong data

pulse

February 15, 2017 3:13 PM

The US dollar index spikes after strong data.

The dollar just spiked after a bunch of strong data.

The US dollar index is up by 0.4% at 101.69 as of 8:43 a.m. ET.

Minutes earlier, the US saw a bunch of strong data including:

Consumer prices surged by the most in four years in January
The consumer price index (CPI) — comprised of a basket of items ranging from clothes to pills — rose 0.6% month-on-month (+0.3% expected.)
The New York Empire State Manufacturing index soared to 18.70 in February
"Indexes for the six month outlook suggested that respondents remained highly optimistic about future conditions," the New York Fed's report noted.

Below, the jump in the dollar:

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