Tag Archives: cpi

The United Kingdom’s inflation rate rose to 3% in January, surpassing the 2.8% forecast by economists, according to data from the Office for National Statistics (ONS) on Wednesday. Key Highlights: Inflation accelerated from 2.5% in December to 3% in January. Core inflation (excluding energy, food, alcohol, and tobacco) rose to …

Expectations for Federal Reserve interest rate cuts have taken a significant hit following the release of a hotter-than-anticipated inflation report for January and subsequent comments from Fed Chair Jerome Powell. Market predictions have undergone a dramatic shift, now suggesting a rate cut is highly unlikely before September of this year, …

The U.S. dollar soared on Monday, hitting a three-week high after President Donald Trump’s latest tariffs fueled demand for safe-haven assets. Key Moves in the Currency Market Dollar Index: Up 1% to 109.305 (09:30 GMT), after touching a three-week high. Chinese Yuan (Offshore): Fell to a record low against the …

The U.S. dollar edged lower on Thursday, giving up part of its previous gains following the Federal Reserve’s slightly hawkish stance, as investors turned their attention to the European Central Bank (ECB) meeting. Dollar Index (DXY) fell 0.1% to 107.710 at 04:10 ET (09:10 GMT), tracking the greenback against a …

The US dollar strengthened on Tuesday, recovering from losses in the previous session, as global growth concerns resurfaced and heightened fears of trade wars began to weigh on market sentiment. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six major currencies, rose …

The U.S. dollar showed mixed performance on Monday as tariff concerns resurfaced and investors braced for a busy week of central bank decisions and key economic data releases. Dollar Performance The Dollar Index (DXY) rose 0.1% to 107.58, rebounding from a one-month low but remaining close to last week’s dip, …

The U.S. dollar partially recovered from sharp losses on Tuesday after President Donald Trump hinted at potential tariffs on Canada and Mexico, reigniting concerns over trade policy volatility. The comments marked a shift from earlier signals suggesting a more measured approach to new trade taxes, sparking swift reactions across currency …

The U.S. dollar started the week on a softer note, retreating from its recent highs as traders await Donald Trump’s inauguration and the accompanying policy announcements. Light trading volumes, driven by the Martin Luther King Jr. Day holiday in the U.S., contributed to subdued activity. Dollar Index Drops The Dollar …

Britain’s economic output edged up by 0.1% in November compared to October, marking the first increase in three months. However, the rise was below the 0.2% expansion predicted by economists in a Reuters poll, according to data released Thursday by the Office for National Statistics. The modest growth followed two …

The US Dollar weakened on Wednesday following the release of the December Consumer Price Index (CPI) report, which showed a milder-than-expected rise in inflation. This tempered expectations for further aggressive interest rate hikes from the Federal Reserve, prompting a reassessment of the economic outlook and a cautious shift in market …