- USDIndex up and currently settled to 95.49.
- Further signs of rising inflation pressures from RBA, BoE and FOMC.
- RBA: Governor Lowe is stressing that he will not hike rates to control house prices and that even an underlying inflation rate of 2.5% would not be enough for a rate
January WTI crude has remained overall under pressure and is currently at $78.44, with the slide in recent days owing much to speculation over the release of strategic reserves. China paved the way today with a spokeswoman saying “the bureau is carrying out crude oil release work …Czytaj więcej
- USD (USDIndex 02) spiked to 95.25 (new 16-mth high) on Friday. The consumer sentiment data (10-yr low)and JOLTS provided mixed views, with confidence plunging, 1-year inflation rising, and a slip in job openings, but a record 4.4 mln workers quitting their jobs.
It’s all about inflation!!
Inflation pressures are broadening and deepening especially in the US, UK and Canada, and along with strong labour market data, are adding further pressure on the FOMC, BoE and BoC to introduce rate hikes soon, especially as the last two are already on the road for …Czytaj więcej
- USD (USDIndex 93.85) down again from Friday’s 1-yr high 94.62, under 94.00. PPI today & CPI tomorrow weigh as equities grind higher & yields slip again. FED Vice-Chair Clarida remained Dovish “a ways away from considering raising interest rates,” although “necessary conditions for raising the target range for