Pound under pressure after weaker than expected UK data. Dollar strengthens as US yields print fresh multi-year highs. Wall Street turns red again as FOMC meets. The GBP/USD pair hit levels under 1.2000 for the first time since March 2020. The pound remains under pressure even as market participants expect a rate hike from the … Read more
The Aussie is steady on the Consumer Price Index data that is released by the National Bureau of Statistics of China is out as follows: China CPI May CPI +2.1 pct from a year ago (Reuters poll +2.2 pct). May CPI -0.2 pct from the previous month (Reuters poll -0.3 pct). China says may food … Read more
The annualized Eurozone Harmonized Index of Consumer Prices (HICP) reported by 8.1% in May vs. the previous reading of 7.4%, the latest data published by Eurostat showed on Friday. The consensus forecast was for a reading of 7.7%. The core figures arrived at 3.8% YoY in May when compared to 3.5% expectations and 3.5% booked … Read more
Core PCE inflation rose at a pace of 4.9% YoY in April, in line with expectations. MoM, prices were up 0.3%, also in line with forecasts. Markets didn’t react to the data, which was broadly in line with expectations. The annual pace of inflation in the US according to the Core PCE Price Index fell … Read more