Today’s Market Outlook Focus on Whether U.S. CPI Gives the Dollar a Clear Direction
Today’s Market Outlook Focus on Whether U.S. CPI Gives the Dollar a Clear Direction ■ Market Summary The main focus today is the July U.S. Consumer Price Index (CPI). The market expects headline CPI to rise 3.4% year-on-year, slowing slightly from 3.5% previously. Core CPI is expected at 2.5% year-on-year, compared with 2.6% previously. Both […]
Today’s Market Outlook All Eyes on U.S. CPI: Will Stronger Inflation Trigger Another Wave of Dollar Buying?
Today’s Market Outlook All Eyes on U.S. CPI: Will Stronger Inflation Trigger Another Wave of Dollar Buying? ■ Market Overview The U.S. dollar rally has paused ahead of today’s inflation report. Yesterday, renewed tensions in the Middle East triggered another wave of safe-haven dollar buying. President Trump adopted a more aggressive stance toward Iran and […]
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly USD/JPY has risen into the upper 159 range and is once again approaching the psychologically important 160 level. The main drivers behind the move are: Ongoing interest rate differentials between the United States and Japan Risk appetite supported by strong equity markets A renewed expansion […]