Category: Inflation
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Aussie dollar jumps on inflation spike, while yen stays under pressure By Reuters
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Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Australian dollar rose after a surprise jump in inflation on Wednesday raised the prospect of another interest rate hike, while the U.S. dollar maintained downward pressure on the Japanese yen. Moves elsewhere in the market were relatively muted as…
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RBA’s Kent says recent data reinforce need to be vigilant to upside inflation risks
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Dollar edges higher; inflation data and political debate loom By Investing.com
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Investing.com – The US dollar rose on Tuesday, as safe havens benefited from weakness on Wall Street, although gains were limited ahead of key inflation data later in the week. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies,…
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Fed’s Daly: Bumpiness of inflation data so far this year has not inspired confidence
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Week Ahead in FX (June 24 – 28): The Fed’s Preferred Inflation Measure & Global Inflation Updates
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Traders await a relatively less busy economic calendar with inflation updates from Japan, Canada and Australia taking the spotlight. Meanwhile, the US core PCE price index, the final GDP reading, and speeches from several FOMC members could encourage volatility between major dollar pairs. Before all that, ICYMI, I wrote a…
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Asia shares subdued as inflation, politics loom large By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares fell on Monday as the countdown to U.S. price data investors hope will show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention with the dollar testing the 160 yen barrier. Geopolitics was also looming, with the…
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Fed’s Key Inflation Gauges May Offer Path to Rate Cuts
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(Bloomberg) — The Federal Reserve’s favored inflation gauges are poised to show the smallest monthly progress since late last year — a starting point for officials to start cutting interest rates, perhaps as soon as September. Most read from Bloomberg Economists expect no change in the PCE price index for…
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Economists say BoC could cut interest rates again in July if inflation keeps cooling
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Breadcrumb links BMN Business Article writer: Canadian Press Nujoud Al-Malis Posted on June 23, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. The sign indicates the Statistics Canada offices in Ottawa on July 21, 2010.…
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U.K. Inflation Drops To The BOE’s Target Range For The First Time Since 2021
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As expected, UK consumer prices rose 2.0% year-on-year in May, slowing from the 2.3% annual increase in April and recording their lowest readings since July 2021. The core CPI, which excludes volatile items such as food and energy, rose 3.5% year-on-year after a 3.9% year-on-year rise in April. On a…
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Britons Curb Spending Despite Drop in Grocery Inflation, Reports Kantar
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Britons have cut back on their supermarket shopping and traditional summer purchases due to recent bad weather, despite a further decline in grocery price inflation, according to a report by Kantar. In the four weeks to June 9, supermarket prices were 2.1% higher than a year ago, down from the…
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Dollar steady, sterling gains after UK inflation data By Investing.com
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Investing.com – The US dollar steadied on Wednesday after overnight losses, while the British pound rose after UK inflation returned to the Bank of England’s target for the first time in nearly three years. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the US currency against a basket…
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How has the BOE rates pricing changed after the inflation data today?
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Let’s just do a quick check of things based on current prices: August – 25 basis point rate cut: ~32% (previously ~46%) September – 25 basis points rate cut: ~80% (previously ~88%) Total interest rate cuts for the remainder of 2024: ~44 basis points (previously ~48 basis points) Prospects of…
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London stocks wobble after drop in services inflation By Reuters
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(Reuters) – British stocks fell on Wednesday as investors manipulated headline inflation in Britain to hit the Bank of England’s target against lower service price inflation, while Vodafone’s (NASDAQ:) gains limited losses. By 7:06 GMT, the leading stock fell 0.2% to 8,172.5 points, while the average stock fell 0.2% to…
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Sterling edges up after UK inflation data By Reuters
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(Reuters) – The pound sterling rose slightly against the euro and the dollar after data showed British inflation returned to the Bank of England’s 2% target level in May for the first time in nearly three years. The decline in annual consumer price inflation from April’s reading of 2.3% is…
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UK inflation the main highlight of the agenda today
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The major currencies look somewhat calm, and that is understandable. Today will be a placeholder trading day due to it being a holiday in the US. This makes the week a bit strange, as we have a break in the middle. The dollar remains more mixed overall during the week,…
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RBA Kept Its Rates At 4.35% And Highlighted Increased Inflation Risks
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As expected, the Reserve Bank of Australia (RBA) kept official interest rates at 4.35% for the sixth consecutive meeting in June. In its official statement, the Reserve Bank of Australia acknowledged that economic and wage growth had weakened, and that the unemployment rate had risen since its meeting in May.…
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London stocks open higher ahead of UK inflation data, cenbank decision By Reuters
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(Reuters) – London shares opened higher on Tuesday, as investors awaited key domestic inflation data and the Bank of England’s policy decision, while losses in… Ashtead Group (LON:) Gains capped. The leading stock rose 0.5% to 8,181.64 points by 7:06 GMT, while the average stock rose 0.6%. The index has…
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ECB’s Kazaks says mustn’t allow inflation to remain above 2% into 2026
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Member of the Governing Council of the European Central Bank Kazacs (Governor of the Central Bank of Latvia). He was very frank about the policy backdrop, saying the bank should not allow inflation to stay above 2% until 2026. European Central Bank forecasts indicate that the target inflation rate of…
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Inflation seen rising above Bank of Israel target range
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Israel’s Consumer Price Index (CPI) for May will be published tomorrow and the outlook is not optimistic. Analysts agree that the consumer price index rose by 0.5%-0.6% in May, bringing the inflation rate over the past 12 months to 3.1%-3.2%. This will be the first time this year that inflation…