EUR/USD – Rallies Despite Continued Weakness in Eurozone PMIs

In focus today The week starts out without any major data releases today. ECB president Lagarde and Fed’s Bostic and Cook will speak today. Later this week we look out for local inflation prints from Spain, France, and Italy that will give clues of where we can expect the euro area HICP print on Wednesday […]

Summary Progress in reining in inflation is further along by some measures relative to others. The gap between the two most prominent measures of U.S. inflation—the Consumer Price Index (CPI) and PCE deflator—is unusually wide at present. At 3.8%, the year-over-year rate of core CPI sits a full percentage point higher than core PCE inflation […]

The American currency, having strengthened after the release of inflation data in the United States, fell sharply against almost all leading currencies yesterday. The reason for the sharp weakening of the dollar was most likely the updated median forecast of FOMC members for the dynamics of interest rates over the next few years, which does […]