The member of the Governing Council of the European Central Bank (ECB) and President of the Bank of France, Francois Villeroy from Galhau, minimizes the risks of inflation overheating in Europe, in his speech on Friday. Featured statements: “The ECB will maintain accommodative monetary policy for as long as necessary.” “Yesterday there was no discussion […]
Tag: Inflation
Year-on-year inflation meets expectations and grows 1.3% in February, the highest rise in eleven months
The Germany’s Consumer Price Index is up 0.7% in the monthly reading for February, meeting market expectations. In January, the indicator grew by 0.8%. The annual CPI increased by 1.3%, as expected, surpassing the 1% in January. This is the largest rise in German inflation since March 2020. The interannual Harmonized CPI grew by 1.6%, […]
Forex Today – Asian Session: The Calm Before The Storm?
What you need to know on Thursday, March 11: The dollar remained under slight pressure amid weak US government bond yields. The United States government auctioned 10-year notes at 1,523%, which were around 1.51% before the auction, down from Tuesday’s close at 1.55%. The dollar’s losses are modest compared to its latest gains. Weaker than […]
US dollar index clings to gains near 92.00 after CPI
DXY cuts initial gains and returns to the 92.00 area. US 10-year yields trim previous post-CPI advance. The US headline CPI rose 0.4% month-on-month, up 1.7% year-on-year in February. The US Dollar Index (DXY), Measuring the dollar against a group of its main competitors, it moves away from recent highs and challenges the 92.00 zone. […]
US Dollar Index DXY resumes rising above the 92.00 level before US CPI.
The DXY index regains traction above 92.00 after Tuesday’s pullback. US yields are recovering from recent lows and are targeting 1.60%. The inflation figures measured by the CPI will be the most prominent event of the day. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
Eurozone GDP growth will average 4.3% in 2021
According to a recent Reuters poll, the Eurozone economy is expected to grow an average of 4.3% in 2021 and 4.2% in 2022. On a quarterly basis, the Eurozone GDP to contract 0.8% in the first quarter, and then expand 2.1%, 2.2% and 1.3% in the three subsequent quarters. The survey showed that inflation it […]
The key indicator of long-term inflation expectations reaches 21-month highs above 1.40%
In a sign that the reflation trade is alive and well, an ikey indicator of long-term inflation expectations in the euro zone rose above 1.40% for the first time since May 2019. The 5-year inflation swap rate, closely followed by the European Central Bank (ECB), is in 1.405%, higher for the day by almost 2 […]
Banxico projects a GDP growth of 4.8% in 2021
In your latest forecasts, the central bank of Mexico (Banxico) He said this Wednesday that he hopes Gross Domestic Product (GDP) expand 4.8% in 2021 and 3.3% in 2022, as reported Reuters. Additional declarations “Banxico forecasts an inflation of 3.6% in the fourth quarter of 2021”. “The economy is expected to create between 250,000 and […]
Annual preliminary CPI rises 0.9% in February, below 1% forecast
The Eurozone Consumer Price Index (CPI) remains at 0.9% for the second consecutive month, according to the February preliminary year-on-year reading published by Eurostat. The result is one tenth below the 1% expected by the market. The year-on-year core inflation has grown by 1.1% compared to 1.4% the previous month, matching the forecasts of the […]
De Guindos says the central bank is flexible to act if rising yields weigh on financing conditions
“We will have to see if the increase in nominal returns will have a negative impact on financing conditions.“said the vice president of the European Central Bank (ECB), Luis De Guindos, in an interview with Public on Tuesday. Additional comments: “If so, we are open to recalibrate our program“. “The recent increase in yields is […]
