Blogs

The US Dollar (USD) Index has climbed to 102.60 as financial markets continue to grapple with the release of a hot US Consumer Price Index (CPI) report from December, which came in higher than expected.

Federal Reserve (Fed) of Cleveland President Loretta Mester gave her perspective on the Fed rate outlook during a televised interview with Bloomberg.

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.

United States 30-Year Bond Auction dipped from previous 4.344% to 4.229%

United States 4-Week Bill Auction: 5.28% vs previous 5.29%

The Australian Dollar (AUD) softened on Thursday, tallying losses against the US dollar (USD), with the pair reaching near the 0.6685 mark.

Economists at TD Securities expect the US Dollar to struggle through the first half of 2024.

The USD/JPY climbed early in Thursday’s US market session after US Consumer Price Index (CPI) inflation numbers broadly beat market forecasts, with inflation stepping higher in December and completely swamping out market hopes for signs that rate cuts would be impending soon.

The Dollar is recovering some of its late 2023 losses. Economists at ING analyze Greenback’s outlook for 2024.

United States EIA Natural Gas Storage Change below forecasts (-119B) in January 5: Actual (-140B)