Tag Archives: inflation

The U.S. dollar advanced for the second consecutive day on Wednesday, buoyed by strong economic data that pushed bond yields higher and diminished expectations for Federal Reserve rate cuts in 2025. U.S. job openings rose unexpectedly in November, while December’s services sector activity showed notable acceleration. Additionally, a surge in …

Germany’s annual inflation accelerated more than forecast in December, driven by surging food prices and a smaller decline in energy costs compared to recent months. Preliminary data from the federal statistics office revealed that the annual consumer price inflation rate climbed to 2.8%, surpassing the 2.6% predicted by analysts polled …

The U.S. dollar remained close to a two-year high on Friday, despite a slight dip, driven by investor expectations that the growth gap between the U.S. and other economies will continue to widen. Meanwhile, Chinese blue chips experienced their largest weekly decline since 2022, adding to global economic concerns. Dollar …

The US Dollar edged lower in early trading on Tuesday, reflecting thin year-end market activity. However, the greenback remains on track for significant gains in 2024, driven by the Federal Reserve’s cautious stance on interest rate cuts and expectations tied to the incoming Donald Trump administration. Dollar Index: Down 0.1% …

The US dollar edged down on Monday, with the Dollar Index slipping 0.1% to 107.690 as of 09:55 GMT. Despite this minor dip, the dollar remains on track for a monthly gain of over 2%, bringing its year-to-date rise to nearly 7%. Key Drivers Behind the Dollar’s Performance: Rising Treasury …

The US dollar extended its recent rally on Tuesday, buoyed by the Federal Reserve’s hawkish stance, even as holiday-thinned trading conditions kept market activity subdued. Key Highlights Dollar Index Near Two-Year High The Dollar Index, which measures the greenback against six major currencies, rose 0.1% to 107.905, staying near a …

The U.S. dollar strengthened on Monday, recovering from sharp losses late last week. Signs of cooling inflationary pressures in the U.S. eased concerns about aggressive rate cuts in 2025, while the euro slipped amid dovish remarks by European Central Bank President Christine Lagarde. Dollar Index (DXY): Up 0.4%, trading at …

The Bank of England is set to announce its monetary policy decision early on Thursday. Governor Andrew Bailey has signaled that the central bank is likely to keep the main interest rate on hold, emphasizing a gradual approach to monetary easing. Despite this cautious stance, Bailey recently indicated that up …

British inflation surged to its highest level in eight months this November, reaching 2.6% on an annual basis, compared to 2.3% in October. This marks a sharp climb from September’s 1.7%, the first time inflation dipped below the Bank of England’s (BoE) 2% target in over three years. While this …

The U.S. dollar maintained its strength on Tuesday, as investors braced for an expected interest rate cut by the Federal Reserve and recalibrated their outlook for the pace of monetary easing in 2024. Traders are increasingly convinced the Fed will adopt a gradual approach to reducing borrowing costs amid persistent …