Dollar Falls After Inflation Data: Is a Change in Medium-Term Trends on the Horizon?

Markets With the EMU May Flash CPI and the US (core) April PCE deflators on the agenda, global trading today again was fully focused on inflation and what it could mean for the start and/or the pace of monetary easing. EMU inflation surprised slightly to the upside. Headline CPI slowed to 0.2% M/M from 0.6% […]

Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market expectations and the Fed setting the scene for a dovish round of central bank gatherings, […]

US inflation once again beat expectations, causing markets to further discount the chances of an easing cycle starting in June. The dollar responded with a 1% rise against a basket of major currencies, taking the DXY back to 104.80. The dollar recorded two peaks near these levels in February and late March, and it has […]