Consumer Price Index (CPI) Monthly: +0.2% (Previous: +0.2%, Expected: +0.2%) Consumer Price Index (CPI) Annual: 3.2% (Previous: 3.3%, Expected: 3.2%) Despite the drop in inflation, logically it should lead to USD selling, but currently, the market is experiencing volatility. However, the overall trend is still anticipated to lead towards USD selling in the end.
Today’s release of the US consumer price index, will it lead to a new trend in the dollar exchange rate?
Today, the release of the July US Consumer Price Index (CPI) is anticipated. While the USD/JPY has been notably rising in recent market trends, the prevailing factor seems to be the weaker yen due to ongoing speculation about the Bank of Japan’s continued easing measures. For other major currency pairs such as EUR/USD and GBP/USD, […]
U.S. Consumer Price Index y/y for June came in at 3.0% vs. 3.1% expected. All other results were also lower than expected, and USD sold off sharply.
Canada, as measured by the Consumer Price Index (CPI), reached its lowest level since June 2021, coming in at 3.4%, in line with market expectations.
The annual inflation rate in Canada, as measured by the Consumer Price Index (CPI), reached its lowest level since June 2021, coming in at 3.4%, in line with market expectations. This deceleration was primarily driven by a decrease in the annual price of gasoline (-18.3%) due to base-year effects. On a monthly basis, the CPI […]
Today, there is a focus on the US Federal Open Market Committee (FOMC). Following the release of the US Consumer Price Index (CPI) yesterday, over 90% of the market has already priced in a decision to keep rates unchanged in today’s meeting. However, given the resilience of the core index, rate hike expectations for […]
Today’s focus is on the US consumer price index. For the recent dollar-yen exchange rate, the proposal for the next Chief Executive and Vice Governor of the Bank of Japan centered on Mr. Ueda has provided a topic, but it seems that the proposal to the Diet today has settled down. Recently, the yen’s depreciation […]
Even after the beginning of the week, when the yen is gradually depreciating, it is important not to let your guard down due to tomorrow’s release of the US consumer price index.
The beginning of the week started with a gradual depreciation of the yen. The biggest topic for the yen exchange rate is the appointment of the next governor of the Bank of Japan, and the government will formally present a personnel proposal to the Diet tomorrow. At the end of last week, it was reported […]
The beginning of the week has started quietly. Last weekend’s U.S. jobs report showed a higher-than-expected increase in employment, while the unemployment rate rose more than expected. However, there was also an impression that the firmness of the employment market had weakened somewhat. The stock market remained strong, and there was a history of […]
Today’s notable event is the release of the August US Consumer Price Index (CPI). It is the last important indicator ahead of the US FOMC monetary policy announcement on the 21st of next week. Right now, the short-term money market rate hike forecast has risen from 0.75% to 88%. At 0.50%, the degree of weaving […]
Recently, both inflation and economic trends have become unstable. Central banks of major countries are moving to abandon standardized forward guidance. In line with this, although it is a matter of course, the phrase that monetary policy depends on data has been pushed to the forefront. The market has become difficult to read a proper […]