[MARKET ANALYSIS] DXY gets some reprieve from recent selling as all eyes turn to Warsh following hot inflation metrics

DXY: Flat Gets some reprieve from the recent selling despite the bout of hot inflation metrics, while the latest rhetoric from Fed officials regarding price pressures did little to spur the dollar as participants await comments from Fed Chair Warsh for any clues on policy, especially given the acceleration in consumer and producer prices. EUR/USD: Flat Pauses overnight and holds on to its recent gains after returning to the 1.1200 level. GBP/USD: +0.1% Mildly extends on gains after relatively outperforming yesterday with reports noting that UK Chancellor Healey is set to raise taxes on banks, while there was also better-than-expected UK GDP data and previous comments from BoE officials, in which Greene reiterated that she sees risks of second-round effects as “pretty significant”. USD/JPY: Flat Lacks direction in the absence of tier-1 data from Japan and after recent oscillations through 158.00. Antipodeans: AUD/USD +0.2% / NZD/USD +0.4% Strengthened overnight with tailwinds amid the mostly improved global risk sentiment.