"I think the official inflation reports are going to fall off a cliff in the next three to six months."

The Government's latest inflation report shows that they are doing so now.

So these traders were caught without dollars when the inflation report came out.

The March producer price inflation report was better than expected.

But while yesterday's inflation report was positive, the course of the market from here is still uncertain.

It was the second encouraging inflation report in two days.

The inflation report will shed more light on the Bank's interpretation of the situation.

But traders said they were relieved by the inflation report.

That's the message economists want us to take from recent inflation reports.

The next test is likely to come in the middle of the month, when key inflation reports will be released.