The US dollar is bid against the major currencies as the combination the increased expectation of a Fed rate hike and the President's commitment to fiscal stimulus buoys sentiment. The dollar-bloc, where speculators in the futures market, have grown a net long position, are leading the move.
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Tag Archive: Eurozone Producer Price Index
A Producer Price Index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Its importance is being undermined by the steady decline in manufactured goods as a share of spending.
FX Daily, December 02: Is it About US Jobs Today?
The capital markets are finishing the week amid speculation that the driving forces of the past three weeks are ebbing. Global equities and the dollar may be snapping three-week advances. The issue is whether it is a consolidation or trend change. The former is a more prudent assumption until proven otherwise. As a rough and ready signal, the 100.60 level in the Dollar Index, which corresponds to the lows November 22 and November 28 is reasonable.
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FX Daily, October 04: Sterling’s Slide Continues, EUR/CHF Soars Again
UK Prime Minister May's comments at the Tory Party Conference over the weekend played up the risk of what has been dubbed a hard Brexit and triggered a slide in sterling saw it fall to new 30-year+ low against the dollar just below $1.2760. The EUR/CHF has soared again. Later during the day, it has even achieved 1.0970.
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FX Daily, July 04: Four Things that Happened on the Anniversary of the Original Brexit
Inflation expectations fall in Japan. UK construction PMI fell sharply before Brexit. The Australian dollar recovers from the dip as investors await more results. It is not clear that Brexit has sparked a wave of nationalism or anti-EU sentiment.
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