USD/JPY: Bullish Case Eroding as US Economic Data Disappoints on Nostr: Currency Market Reacts Cautiously to US Inflation Report and Focuses on ECB ...
Currency Market Reacts Cautiously to US Inflation Report and Focuses on ECB
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#e140b6a8 ver:0.75
The US dollar is stabilizing ahead of key inflation data, with mixed performance in recent weeks. The dollar index is stable at 104.76, and markets are pricing in a 55% chance of rate cuts starting in September. The yen remains unchanged, while the euro and pound slip against the dollar. The US dollar is set for its first monthly decline in 2024, and investors are closely watching the upcoming inflation data for clues about the Fed's rate decisions. The eurozone and Japan show different levels of inflationary pressure, with the ECB predicted to cut rates. The dollar's strength and global market sensitivity to US economic indicators are highlighted. #USD #inflation #ECB #ratecuts...
#newstr #UsDollar #Yen #Inflation #Gdp #RateCuts #GermanRetailSales #EurozoneCpi #JapaneseInflation #ChineseBusinessActivity #Opec+Meeting #Ecb
https://here.news/story/e140b6a8?ver=0.75
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#e140b6a8 ver:0.75
The US dollar is stabilizing ahead of key inflation data, with mixed performance in recent weeks. The dollar index is stable at 104.76, and markets are pricing in a 55% chance of rate cuts starting in September. The yen remains unchanged, while the euro and pound slip against the dollar. The US dollar is set for its first monthly decline in 2024, and investors are closely watching the upcoming inflation data for clues about the Fed's rate decisions. The eurozone and Japan show different levels of inflationary pressure, with the ECB predicted to cut rates. The dollar's strength and global market sensitivity to US economic indicators are highlighted. #USD #inflation #ECB #ratecuts...
#newstr #UsDollar #Yen #Inflation #Gdp #RateCuts #GermanRetailSales #EurozoneCpi #JapaneseInflation #ChineseBusinessActivity #Opec+Meeting #Ecb
https://here.news/story/e140b6a8?ver=0.75