Category: CPI
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Forexlive Americas FX news wrap 9 Oct: Dollar, yields and stocks move higher ahead of CPI
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The Reserve Bank of New Zealand cut interest rates by 50 basis points causing the New Zealand dollar to fall against all major currencies. The largest decline was against the US dollar by -1.32%, and the US dollar was the strongest among the major currencies today: US CPI data will…
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US dollar edges up to two month highs as Fed, CPI eyed By Reuters
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Written by Alden Bentley NEW YORK/LONDON (Reuters) – The U.S. dollar rose on Wednesday ahead of the release of records of the Federal Reserve’s decision in September to cut interest rates by 50 basis points, reflecting confidence that the central bank will not continue to ease aggressively. Concerns about demand…
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Forexlive European FX news wrap: Tight ranges as we await the US CPI
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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US inflation data due this week: BofA predicts a +0.1% m/m headline CPI, +0.3% m/m core
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This information comes via eFX. **** summary: Bank of America expects a modest rise in both the headline and core CPI for September, suggesting flat core inflation with no immediate cause for concern. Key points: CPI Outlook: Bank of America expects a 0.1% MoM increase in the headline CPI and…
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Dollar gains after Powell’s speech; euro slips ahead of CPI release By Investing.com
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Investing.com – The U.S. dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell played down the possibility of another big interest rate cut, while the euro fell ahead of the latest euro zone inflation data. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a…
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Newsquawk Week Ahead: US NFP, ISMs, EZ CPI, Japan Tankan & OPEC+ JMMC
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Monday: China NBS and Composite PMI (September), Caixin PMIs (September), Japanese Retail Sales (August), German Retail Sales (June), UK GDP (Q2), Swiss KOF (September), German CPI (September), UK Mortgage/Lending Approvals (August), US Dallas Fed (September), New Zealand NZIER (Q3); Canada vacation. Tuesday: Riksbank Minutes, Final EU/UK/US Manufacturing PMI (September), EZ…
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FX Watch: Will Australia’s CPI Release Push GBP/AUD Back To Its Monthly Highs?
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The Australian dollar has been all over the charts – and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Federal Reserve rate cut. More recently, it’s been getting a boost from the People’s Bank of China (PBOC) as it works…
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FX Watch: Will Australia’s CPI Release Push GBP/AUD Back To Its Monthly Highs?
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The Australian dollar has been all over the charts – and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Federal Reserve rate cut. More recently, it’s been getting a boost from the People’s Bank of China (PBOC) as it works…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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It’s a huge day coming up in Asia on Friday – Japan CPI, PBOC rate setting, BOJ meeting
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Japan’s national CPI data for August is due out on Friday. We got the Tokyo CPI data for August, which came in higher than July: Tokyo area inflation data for August: 2.6% y/y (2.2% previously) The Bank of Japan statement comes a few hours later. No change in interest rates…
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ForexLive European FX news wrap: Sterling up after UK CPI, markets mixed awaiting Fed
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Headlines: Markets: NZD advances, USD lags during the day European stocks lower; S&P 500 futures up 0.1% US 10-year Treasury yields rise 2.8 basis points to 3.677% Gold rises 0.4% to $2,578.75 West Texas Intermediate crude fell 0.9% to $69.22. Bitcoin down 0.7% to $59,913 It’s all about the countdown…
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Canada’s Annual Headline CPI Slowed to 2.0% in August, Lowest Reading Since February 2021
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Canada released another batch of weaker-than-expected inflation numbers, with the core consumer price index slowing from 2.5% to 2.0% year-over-year in August — its lowest reading since February 2021. On a monthly basis, the headline CPI fell 0.2% versus consensus for a flat reading and a previous increase of 0.4%.…
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FX Watch: NZD/CAD To Extend Its Downtrend After Canada’s CPI Release?
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The New Zealand dollar had a very tough week last week, as concerns about growth in China, weaker-than-expected mid-level domestic data and general risk aversion highlighted the relative weakness of the commodity-linked currency in the foreign exchange space. Meanwhile, the Bank of Canada’s willingness to explore deeper rate cuts is…
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August CPI reading far above expectations
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Israel’s consumer price index rose 0.9% in August, well above analysts’ expectations of 0.5% to 0.6%. In the 12 months to the end of August 2024, the inflation rate rose to 3.6% from 3.2% at the end of July, according to figures released by the Central Bureau of Statistics today.…
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Newsquawk Week Ahead: FOMC, BoJ, BoE, US & UK Retail Sales, UK, Canada & Japan CPI
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Sat: China Activity Data (Aug) Mon: N/A Tue: EZ/German ZEW (Sep), US Retail Sales (Aug), Canadian CPI (Aug), US Industrial Production & Manufacturing Output (Aug), Business Inventories (Jul), NAHB Housing Index (Sep) Wed: FOMC & BCB Policy Announcements; Japanese Trade Balance (Aug), UK CPI (Aug), Swedish Unemployment (Aug), South African…
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Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar strengthened after a strong reading on U.S. consumer inflation dashed hopes that the Federal Reserve would cut interest rates by a large margin. Weak inflation data from Japan weighed on the yen, pushing the currency back from…
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US stock futures inch lower with CPI data, Harris-Trump debate on tap By Investing.com
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U.S. stock index futures were slightly lower in overnight trading Tuesday as focus shifted squarely to the upcoming inflation reading that is likely to weigh on interest rate cut expectations. Eyes also focused on the first debate between Vice President Kamala Harris and former President Donald Trump, who are set…
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Here’s what 14 investment bank analysts are forecasting for US CPI headline and core rates
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ForexLive Asia-Pacific FX news wrap: China’s CPI slows, PPI plunges
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Newsquawk Week Ahead: Highlights include China & US CPI, ECB rate decision, UK GDP
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MondayApple iPhone Event; Japan Revised GDP (Q2), China CPI (Aug), EasySentix (September), US Employment Trends (Aug) Tuesday: US Energy Information Administration report, OPEC August report; Australian business confidence (Aug), German final CPI (Aug), UK unemployment/wage rate (July), Swedish GDP (July), Norwegian CPI (Aug), US non-oil CPI (Aug), China trade balance,…