This Week’s Market Focus is on U.S. Economic Trends: Today, U.S. Housing Starts and the Michigan Consumer Sentiment Index are in the Spotlight
This Week’s Market Focus is on U.S. Economic Trends: Today, U.S. Housing Starts and the Michigan Consumer Sentiment Index are in the Spotlight This week, the market is intensely focused on U.S. economic trends. While the major U.S. inflation indicators—Producer Price Index (PPI) and Consumer Price Index (CPI)—showed mixed signals, overall, they indicated signs of […]
Dollar-yen is hovering near 156 yen, pausing for now, with today’s focus on the Michigan Consumer Sentiment Index.
The dollar-yen pair has paused its upward movement as it approaches 156 yen. While there was a reaction of dollar selling after last week’s weaker-than-expected US employment statistics, dollar buying dominated towards the weekend. Since the beginning of this week, there has been a continuation of dollar buying momentum fueled by hawkish comments from US […]