In the wake of last week’s economic data revealing ongoing challenges in US inflation, the dollar steadied on Monday, reflecting cautious sentiment regarding the Federal Reserve’s potential monetary easing strategies. Despite market uncertainties, the yen remained weak, hovering in proximity to the significant threshold of 150 against the dollar. US …
Read More »Weekly Financial Recap: US Data Dominates Market Sentiment
In the pulse of the financial world, the spotlight of the past week fell squarely on key US economic indicators, particularly inflation data, igniting a flurry of activity and recalibration across markets. Inflation Insights Headline US inflation for January came in at 3.1%, a modest improvement that fell slightly short …
Read More »Dollar Slips Amid Strong US Data but Anticipation of Fed Rate Cut Persists
The US dollar faced a second consecutive session of decline on Thursday, following the release of a mix of robust US economic data. However, market sentiment remains geared towards the Federal Reserve’s potential interest rate cut in June, marking the first adjustment since the onset of the Covid-19 pandemic. Dollar …
Read More »Dollar Holds Below Three-Month High Amid Uncertainty Over Fed Rate Cuts
Dollar’s Stance Amidst Fed Rate Cut Speculations:The dollar remained below a three-month high on Thursday as investors grappled with the question of when the Federal Reserve would initiate interest rate cuts. Central bank officials’ comments on Tuesday’s inflation data further complicated the situation, leading to cautious market sentiment. Yen’s Resilience …
Read More »Dollar Surges to Three-Month High on Unexpected Inflation Data
The dollar surged to its highest levels in three months against other major currencies on Wednesday following unexpected inflation data in the United States, diminishing bets on Federal Reserve interest rate cuts. The dollar surpassed the 150 yen mark for the first time since November, prompting Japan’s chief currency official, …
Read More »US Inflation Unexpectedly Softens, Dollar Strengthens
In January 2024, the US annual inflation rate decreased to 3.1%, down from December’s 3.4%, yet surpassing expectations of 2.9%. The Consumer Price Index (CPI) showed a 0.3% increase from the prior month, exceeding forecasts of 0.2%. Core inflation remained steady at 3.9% annually, defying expectations of a slowdown to …
Read More »Dollar Steady Ahead of Key US CPI Data Release
The dollar stands firm this Tuesday, holding its ground ahead of the eagerly anticipated US Consumer Price Index (CPI) figures. Traders are cautious, refraining from selling the dollar as recent adjustments by the US Administration to refine inflation metrics suggest potential underestimation of current CPI expectations. The National Federation of …
Read More »The Global Financial Pulse – Weekly Recap
The past week proved to be a rollercoaster for global financial markets, dominated by pivotal events that shaped the economic landscape. From the Evergrande saga to pivotal interest rate decisions and robust US job data, here’s a comprehensive breakdown of the week that was. American Interest – The Fed’s Pause …
Read More »Global Markets – Stocks struggle on mixed earnings, high Treasury yields
Global stock markets saw a decline on Thursday as US Treasury yields remained close to 5%, the country’s economy grew faster than anticipated, and corporate earnings were mixed.According to data, the third quarter saw the fastest rate of growth in the US economy in almost two years. This was despite …
Read More »Yield on a 10-year Treasury reached 5% for the first time since 2007
The 10-year Treasury yield has reached 5% for the first time since 2007, marking a significant shift in the global financial system. The increase in yields means that the US government must pay more to borrow money from investors to cover its spending, impacting people worldwide. The 10-year Treasury yield …
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