British labor market data
Hotter-than-Predicted U.S. CPI Data Elicit Adverse Market Reaction
February 13, 2024
U.S. consumer price inflation unexpectedly remained above 3.0% in January. A 0.3% monthly increase was the most since September, and the 12-month rate of increased slowed less sharply than forecast, returning to November’s 5-month low of 3.1% but showing no net improvement since 3.0% recorded last June. U.S. core consumer prices, which exclude food and […] More
U.S. CPI Figures about to Be Released
November 14, 2023
Analysts expect to learn of a further dip in U.S. inflation last month shortly. While waiting for confirmation, financial markets around the world marked time overnight. Dollar changes against other major currencies were held to plus or minus 0.2%. U.S. stock futures are likewise steady. Share prices in the Pacific Rim closed up 0.3% in […] More
Euroland & Japanese GDP Released Before U.S. Consumer Prices
February 14, 2023
On this significant data release day, investors already have perused fourth-quarter GDP figures for many economies, British labor market statistics, and Swiss and Indian producer prices. Now they await the January U.S. CPI report. In financial market action, the dollar fell overnight by 0.6% against sterling, 0.4% versus the euro, 0.3% relative to the Australian […] More
Corrective Dollar Move Extended
July 19, 2022
The weighted DXY dollar index slid another 0.8% overnight to a 2-week low and is 2.6% below its recent multi-decade peak. Dollar losses since Monday’s close equal or exceed 1.0% relative to the euro, Swiss franc, Australian dollar, New Zealand dollar and especially the Russian ruble (-5.8%). The dollar also lost 0.6% versus sterling and […] More
Xi/Biden, Central Banking Signals, and a Big Line-Up of U.S. Data Releases Today
November 16, 2021
The virtual summit between the Presidents of China and the United States exceeded three hours. The talks were reportedly civil but didn’t yield newsworthy compromises on the key contentious issues. The Fed and Bank of England seem closer to an interest rate lift-off than the European Central Bank or Bank of Japan. Minutes published from […] More
