The DXY index falls below the 93.00 level after the US CPI data. Both headline and core CPI were unchanged month-on-month in October. Initial US jobless claims increased by 709,000 for the week, improving expectations. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, is moving […]
Tag: Inflation
US Dollar DXY Index Consolidates Above 93.00 Level Before CPI and Powell
The DXY index looks firm and is advancing above the 93.00 level on Thursday. Investors’ attention continues to be the pandemic and possible vaccines. Inflation figures and initial US jobless claims will be released today. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, seeks to […]
Annual harmonized inflation meets expectations and falls by 0.5% in October
The Harmonized Index of German Consumer Prices has fallen by 0.5% in its annualized reading for October, meeting market expectations after falling 0.4% in September. The indicator has been falling for three consecutive months, with October being the month with the greatest decline since January 2015. The main CPI has fallen 0.2% annually, as expected, […]
Annual inflation falls to -0.5% in October according to preliminary estimate
The preliminary estimate of inflation in Germany for the month of October showed figures below expectations. Annual inflation would have been -0.5%, below the expected 0.4%, given an increase in the consumer price index of 0.1% in the month. The euro was unchanged. The spotlight is on the European Central Bank which announced its monetary […]
Clues before the RBA’s decision
Australia’s third quarter CPI is expected to rebound from second quarter record lows. Investors are cautious as the RBA paved the way for a further rate cut. AUD / USD is technically neutral above the critical level of 0.7000. Australia will release third-quarter inflation figures early Wednesday. The quarterly CPI is expected to stand at […]
Lagarde says price stability is at the center of the central bank’s work
In a speech scheduled for Wednesday, the president of the European Central Bank, Christine Lagarde, has said that “price stability is the center of the central bank’s work”. On the other hand, the chief economist of the ECB, Phillip Lane has said that “the sweet spot is low inflation with a margin above zero”, and […]
Annual inflation meets expectations and grows 0.5% in September
The UK Consumer Price Index up 0.4% in monthly reading September after having fallen to -0.4% in August. Despite the improvement, the result does not reach the estimated 0.5% increase. Annual inflation has grown 0.5%, meeting expectations after rising 0.2% in August. The annualized core CPI has risen 1.3%, as expected, after increasing 0.9% the […]
edged higher as food costs rose
A customer browses products at a Walmart store in Burbank, California Patrick T. Fallon | Bloomberg | Getty Images U.S. consumer prices increased slightly last month, driven higher by more expensive food. The Labor Department said Wednesday that the consumer price index ticked up 0.1% last month, matching its January increase. Prices rose 2.3% compared […]
William Barr criticizes Trump tweets about Roger Stone
Attorney General William Barr, in a stunning rebuke to his boss, said Thursday that President Donald Trump should stop tweeting about the Justice Department, complaining that the president’s comments “make it impossible for me to do my job.” The remarks in an ABC News interview followed days of sharp criticism of Barr, Trump and the DOJ […]
US Consumer Price Index rose 0.1% in January, vs 0.2% expected
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve’s contention that inflation would gradually rise toward its 2% target. The Labor Department said on Thursday […]
