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EUR/USD: A Bad Week for the Dollar The past week was dominated by the European Central Bank (ECB)’s meeting on Thursday, 7 March. As anticipated, the pan-European regulator decided to maintain its current monetary policy, leaving the interest rate unchanged at 4.50%. This move reaffirmed its commitment to steering inflation into the desired range. The […]

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11/01/2024

Sunset Market Commentary

Markets Trading initially was a long-drawn countdown to today’s US December CPI. Investors tentatively positioned for a rather soft report, with US yields easing 3-4 bps before publication of the data. The report brought a modest upside ‘surprise’. Headline inflation increased 0.3% M/M and 3.4% Y/Y from 3.1% in November (3.2% expected). Core inflation excluding […]
26/07/2024

Dollar Index Remains Within Near-Term Range Ahead of Key US Inflation Data

The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above north turning 10DMA, add to existing bullish near-term bias. Fresh strength is probing again through 200DMA (104.13), which capped the […]
12/12/2023

Recent Inflation Data Probably Will Allow Fed to Remove a Final Rate Hike

Markets Markets yesterday understandably started the week in a wait-and-see modus, looking forward to key eco data, including US CPI and policy meetings of the Fed, the ECB and the Bank of England later this week. One-year inflation expectations in the New York Fed’s consumer expectations survey eased slightly from 3.57% to 3.36%, the lowest […]