WSJ’s Nick Timiraos tweets financial conditions easing 50 bps on Thursday post-US CPI

The US Dollar recovery faltered in Asian trading this Friday, following a tweet from the Wall Street Journal (WSJ) Chief Economics Correspondent and a US Federal Reserve (Fed) watcher, Nick Timiraos.

Timiraos tweeted out, “Goldman Sachs reports that its intra-day estimate of US financial conditions from its financial-conditions index eased by over 50 basis points today following the rally triggered by the October CPI print. That is the third-largest single day decline on record.”