Category: CPI
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Dollar on back foot ahead of CPI; sterling slips By Investing.com
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Investing.com – The U.S. dollar was steady on Wednesday, after weakening overnight ahead of the July CPI release, while the British pound weakened after benign inflation data. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down at 102.277,…
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Asia FX gains as dollar dips ahead of CPI data; Kiwi battered by rate cut By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell after a weak reading on U.S. producer inflation raised hopes that a similar easing in consumer inflation would lead to deeper interest rate cuts. The New Zealand dollar was an exception, posting sharp losses after the Reserve Bank of New…
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Tech stocks lead rally after inflation data sets table for CPI
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It was a shock announcement this morning from Starbucks early Tuesday after the struggling coffee chain announced that Chipotle (CMG) Chairman and CEO Brian Niccol would become its next CEO, effective September 9. Nicol will succeed Alex Narasimhan, who has held the post for less than 18 months. Yahoo Finance…
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Dollar edges higher ahead of key CPI release By Investing.com
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The US dollar edged higher on Monday, in quiet trading as traders looked ahead to key inflation data later in the week for clues on the Federal Reserve’s future monetary policy decisions. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Asia FX ticks lower, dollar steadies ahead of CPI data By Investing.com
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Most Asian currencies fell slightly on Monday as traders shifted slightly towards the dollar ahead of key U.S. inflation data this week, which is expected to provide further clues on interest rates. Regional trading volumes were limited due to a Japanese market holiday, which also saw the yen weaken slightly…
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Newsquawk Week Ahead: US CPI & Retail Sales; UK CPI & Jobs data; Aussie jobs and RBNZ
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12th-16th August 2024 Mon: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)Tue: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)Wed: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement,…
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Dollar steady after volatile week; CPI data looms large By Investing.com
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Investing.com – The U.S. dollar was steady on Friday, trading near a one-month high after stronger-than-expected U.S. jobless claims eased fears of an impending recession in the world’s largest economy. At 04:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Australia Q2 CPI preview – “June CPI should not close the door on a rate cut”
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Key points from Westpac Bank in its CPI preview, which said: “June CPI should not close the door on interest rate cuts”: Westpac Bank confirmed its June quarter CPI forecast of 1.0% q/3.8% y/y which we first issued on June 18 and left unchanged in our July 2 update. Our…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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U.K. CPI Rate Held Steady in June but Services Price Growth Rate Remains Elevated
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As widely expected, UK annual inflation has decided to take a breather this summer, with the consumer price index (CPI) growth rate remaining unchanged at 2.0% year-on-year in June 2024, according to the latest figures from the Office for National Statistics. Link to UK Consumer Price Inflation: June 2024 the…
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Dollar slips, while yen soars on intervention talk, sterling gains after UK CPI By Investing.com
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Investing.com – The U.S. dollar fell to multi-month lows on Wednesday, while the Japanese yen rose sharply and sterling climbed to a one-year high after better-than-expected U.K. inflation data. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down…
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New Zealand CPI eases more than expected in Q2, pushes RBNZ rate cut bets By Investing.com
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New Zealand’s consumer price inflation rate fell more than expected in the second quarter, boosting bets that the economy is slowing at a pace that could prompt an interest rate cut by the Reserve Bank. China’s gross domestic product grew 3.3% year-on-year in the three months to June 30, government…
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Canadian CPI cements a Bank of Canada rate cut next week – CIBC
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The Bank of Canada is scheduled to meet on July 24, and economists are increasingly confident that interest rates will be cut. This is also reflected in interest rate derivatives, which now show a 93% chance of a rate cut. The consumer price index slowed to 2.7% from 2.9%, with…
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June CPI up 0.1% as housing prices jump again
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Israel’s consumer price index rose 0.1% in June, in line with expectations. In the 12 months to the end of June 2024, the inflation rate rose slightly to 2.9% from 2.8% at the end of May, according to figures released by the Central Bureau of Statistics today. Inflation thus remains…
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Newsquawk Week Ahead: US & UK Retail Sales, Japan, NZ, UK and Canada CPI, and ECB
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Mon: Republican Convention, Holiday: Japanese Marine Day, Eurogroup Meeting, Eurogroup Informal meeting ofEnergy Ministers; Chinese GDP (Q2), Industrial Output/Retail Sales (Jun), Swiss PPI (Jun), US NY FedManufacturing (Jul), EZ Industrial Production (Jun); China’s Third Plenum (15-18th July) Tue: Republican Convention; German Wholesale Price Index (Jun), ZEW (Jul), EZ Trade Balance…
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Forexlive Americas FX news wrap 12 Jul: PPI not as friendly as the CPI
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Yesterday, the US CPI was a good number, coming in below expectations. Today, the PPI data was the exact opposite. Not only were the headline numbers for the month higher, but the previous months were also revised higher. The US dollar and yields initially rose after the report, but memories…
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Asia FX weakens as yen volatility spurs caution; dollar dented by soft CPI By Investing.com
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Most Asian currencies fell slightly on Friday as traders turned cautious amid increased volatility in the Japanese yen, which raised speculation about whether the government had intervened in the markets. Losses in regional units were muted as the dollar held steady at a one-month low, after weaker-than-expected U.S. CPI inflation…
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Cooler U.S. June CPI Boosted Odds Of Multiple Fed Rate Cuts In 2024
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U.S. consumer prices fell unexpectedly in June, The consumer price index fell 0.1% on a monthly basis. This represents the first decline since May 2020 and is in contrast to the expected 0.1% increase. It also represents a shift from the flat reading in May. When we remove volatile materials…
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US stock futures steady as Wall St falls after CPI data; Q2 earnings awaited By Investing.com
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U.S. stock index futures were flat in overnight trading Thursday as Wall Street took a hit from profit-taking even as inflation showed signs of slowing, with focus now shifting to the second-quarter earnings season. The index settled at 5,641.50 points, while it settled at 20,444.25 points by 19:03 ET (23:03…