Blogs

<p>Japanese Industrial Production for November, final:</p><p>-0.9% m/m</p><ul><li>preliminary was -0.9%, prior +1.3%</li></ul><p>-1.4% y/y</p><ul><li> prior 1.1%</li></ul><p>Capacity Utilisation +0.3%</p><ul><li>prior +1.5%</li></ul&

<p>Federal Reserve Bank of Atlanta President Raphael Bostic up twice today:</p><ul><li>at 1230 GMT, which is 0730 US Eastern time he gives brief remarks on the economic outlook before the Metro Atlanta Chamber board of directors meeting</li><li>at 1705 GMT, 1205 US Eastern time, he'll speak to the Atlanta Bu

US Dollar Hits New 1-Month High on Strong US Retail Sales Data; UK Inflation Ticks Higher; Gold Drops But Support Possible at $2,000

The AUD/USD pair remains under selling pressure during the early Asian section on Thursday.

The Euro (EUR) rose sharply against the Japanese Yen (JPY) on Wednesday, up 0.73% amid a risk-off impulse and economic data suggesting that major central banks would deter cutting rates in the near term.

New Zealand's Food Price Index (FPI) saw its lowest annual food price increase since December of 2021 according to StatsNZ.

US Treasury yields across the yield curve climbed to five-week highs as the 10-year note rose to 4.129%, while the 30-year bond jumped as high as 4.344%, on investors adhering to the US Federal Reserve (Fed) “higher for longer” mantra.

The Canadian Dollar (CAD) found some gains against most of its major currency peers, but saw further declines against the US Dollar (USD) on Wednesday after US Retail Sales ran hotter than markets anticipated.

The Euro (EUR) saw some gains on Wednesday, but still found room to the downside against the US Dollar (USD) as hotter-than-expected US Retail Sales triggered safety flows back into the US Dollar.

The US Dollar (USD) reached a notable stride, trading at 103.50 while confidently deflecting the pressures of the 100-day SMA.