US Inflation Data Influences Currency Markets

Investors are awaiting the U.S. consumer price index report, which is expected to show a 0.2% rise for August, as they reassess interest rate cut expectations from the Federal Reserve. The dollar index rose to 101.69, reflecting shifting market sentiments ahead of upcoming policy meetings.

Sources (11)

Open Article

9/17/2024

[0]reuters.com

Morning Bid: Yen's big week begins

[1]reuters.com

Asia shares tentative; dollar, yields squashed on outsized Fed cut bets

9/16/2024

[2]staradvertiser.com

Dollar soft, yen strong as bets firm on aggressive Fed rate cut | Honolulu Star-Advertiser

[3]Reuters

Currencies listless as markets waffle over Fed rate cut

9/13/2024

[4]Reuters

Dollar weak as traders add to wagers of big rate cut from Fed

[5]Reuters

Dollar drops, gold near record high as bets for big Fed cut ramp up

9/12/2024

[6]Reuters

Sterling steady with key tests to come

[7]Reuters

Dollar firm as inflation data douse bets for big Fed rate cut

9/10/2024

[8]Reuters

Currencies tread with caution ahead of US inflation test

9/9/2024

[9]Reuters

Sterling eases to three-week low as US rate expectations shift

[10]Reuters

Dollar tentative, yen dips on muddled Fed rate-cut outlook

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Highlights

The U.S. consumer price index report is expected to show a 0.2% rise month-on-month for August.
Markets are currently pricing in a 25 basis point rate cut from the Federal Reserve next week.
The dollar index was at 101.69 after rising 0.4% on Monday.
The Federal Reserve is signaling readiness to begin a series of rate cuts due to a cooling labor market.
The euro was little changed at $1.10305 ahead of the European Central Bank policy meeting.