Euro Slides Against Perky Dollar As US Inflation Springs Upside Surprise
US CPI has ticked up unexpectedly, if not yet to the sort of levels which might cause the market to seriously rethink its rate-cut bets
US CPI has ticked up unexpectedly, if not yet to the sort of levels which might cause the market to seriously rethink its rate-cut bets
US inflation came in above expectations in February but the market is currently shrugging off the data having any impact on policy as US rate cut expectations remain unchanged.
The latest official UK labor statistics show the UK jobs market cooling a fraction with the unemployment rate nudging higher and wages ticking lower.
Gold prices, the U.S. dollar, and stocks will be highly responsive to the February U.S. inflation report, as consumer price index data holds the potential to shape the Federal Reserve's near-term monetary policy outlook.
The U.S. dollar rebounded slightly on Monday, following last week's sharp decline, ahead of the release of key U.S. inflation data that could determine the near-term outlook for currency markets.
The Bank of England is expected to lag both the Fed and the ECB when it comes to cutting interest rates, helping to boost Sterling against the US dollar and the Euro.
The Yen is gaining as investors scent not only lower US interest rates but also, just possibly, higher Japanese ones
A quiet start to the week across most markets ahead of Tuesday’s US CPI release, although Bitcoin is soaring to a fresh record high.
Interest rates in the EU and the US look set to be cut in June, Nasdaq slides on Nvidia sell-off, Gold continues to print fresh highs.
February's U.S. inflation data is poised to ignite heightened market volatility in the upcoming week, playing a pivotal role in shaping the near-term outlook for the U.S. dollar.