EUR/USD: Falls Further on Downbeat PMI Data

U.S. Highlights The Federal Reserve opted to hold rates steady in their first decision of the year in order to give themselves more time to assess the sustainability of current disinflation trends. Employment gains in January nearly doubled expectations as strong upward revisions to December carried forward into 2024. U.S. Treasury markets experienced volatility this […]

Markets At a hearing before Parliament this morning, BoJ governor Ueda had a balanced but after all clear message. The BoJ has started policy normalization and intends to further walk that path if inflation and growth continue to develop in line with the banks’ expectations. The market volatility in the wake of the July decision […]

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the past 20 months since October 2022. China is once again spreading deflation around the world, […]