The Mexican Peso (MXN) extended its losses for a third consecutive day against the US Dollar (USD) on Thursday following a hotter-than-expected inflation report in the United States.
Blogs
Forex Today: US inflation lent legs to the Dollar
The long-waited US inflation release came in stronger than initially estimated for the month of December, lending fresh oxygen to the greenback as investors now see the Federal Reserve potentially delaying its first interest rate cut.
Pound Sterling Price News and Forecast: GBP/USD edges lower though almost flat post-US inflation data
GBP/USD edges lower though almost flat post-US inflation data The Pound Sterling remains on the back foot in the mid-North American session on Thursday, as inflation in the United States (US) picked up more than estimated in December, which might deter the US Federal Reserve (Fed) from easing monetary policy as investors estimate.
GBP/JPY Price Analysis: Seesaws at around 186.00, almost unchanged
The British Pound posted minuscule gains of 0.08% late during the North American session on Thursday, though it’s exchanging hands below the 186.00 figure.
NZD/JPY rises to fresh highs since early December, consolidation incoming
On Thursday's session, the NZD/JPY pair is observed at around 90.70, registering slight losses after hitting high of around 91.00.
Euro rattles against Greenback after tough grind higher, knocked down by post-CPI momentum
The Euro (EUR) fell back against the US Dollar (USD) in the US market session after US Consumer Price Index (CPI) inflation figures broadly arrived higher than market forecasts, taking a chunk out of the Euro’s overall positive lean to the day.
Canadian Dollar struggles to recapture footing on Thursday as US CPI-inspired markets look elsewhere
The Canadian Dollar (CAD) is mostly lower on Thursday as broader markets pivot into safe haven currencies after US inflation from the Consumer Price Index (CPI) ticked broadly higher than markets were expecting, widening the gap between market hopes of a March rate cut and the Federal Reserve’s (Fed) current stance.
European equity indexes close broadly lower amidst US inflation-led rout, FTSE sheds nearly 1%
European equity indexes broadly tumbled into the close on Thursday as stock traders pulled back from a dovish-sounding European Central Bank (ECB) and US inflation threatening to tilt hotter once more, pushing out the likelihood of the Federal Reserve (Fed) getting bullied into a rate cut cycle sooner rather than later.
Argentina Consumer Price Index (MoM) came in at 25.5%, below expectations (28%) in December
Argentina Consumer Price Index (MoM) came in at 25.5%, below expectations (28%) in December
United States Monthly Budget Statement below expectations ($-65.25B) in December: Actual ($-129B)
United States Monthly Budget Statement below expectations ($-65.25B) in December: Actual ($-129B)