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Markets Significantly accelerating monthly US producer price inflation (April) triggered the obvious initial sell-off in US Treasuries and spike in the dollar. Producer prices rose by 0.5% M/M on the headline and on the core level. Services costs rose by 0.6%, the most since July, while goods prices increased by 0.4% mainly because of fuel […]

The post New Sticky Inflation Evidence Wasn’t Start of Profound UST Sell-off or USD Rally appeared first on Action Forex.

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11/09/2024

USD/JPY Analysis: Rate Drops to New Yearly Low

The USD/JPY chart shows the rate has fallen below its 5 August low. This decline was influenced by comments from Bank of Japan representative Junko Nakagawa, who stated that the bank would continue raising interest rates if inflation keeps decreasing. “Given that real interest rates are currently very low, we will adjust the level of […]
05/03/2024

Japanese Yen Yawns as Tokyo Core CPI Jumps

The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 150.44, down 0.05%. Tokyo rises 2.5% as expected Today’s release of Tokyo Core CPI, which excludes fresh food and is considered Japan’s important inflation indicator, had no effect on the Japanese yen, as February’s gain of 2.5% y/y was in […]
01/12/2023

Swiss Franc Hits 4-month High, GDP Beats Forecast

Swiss franc climbs to 4-month high Swiss GDP rises 0.3% US ISM Manufacturing PMI expected to rise slightly The Swiss franc is lower on Friday. In the European session, USD/CHF is trading at 0.8723, down 0.22%. Swiss franc continues to climb The Swiss franc continues to power higher against a slumping US dollar. USD/CHF has […]