Euro: Favorable versus Pound and Canadian Dollar – TD Securities
TD Securities’ FX strategists see the Euro (EUR) relatively strong on crosses, particularly versus the Pound (GBP) and Canadian Dollar (CAD).
Breaking: US CPI inflation rises to 3.8% in April vs. 3.7% expected
Annual inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), climbed to 3.8% in April from 3.3% in March, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This print surpassed the market expectation of 3.7%.
US Dollar Index jumps after hot US CPI data reinforces hawkish Fed outlook
The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, climbs to a five-day high on Tuesday as stronger-than-expected US inflation data bolsters the hawkish Federal Reserve (Fed) outlook.
United States Consumer Price Index Core s.a up to 335.423 in April from previous 334.165
United States Consumer Price Index Core s.a up to 335.423 in April from previous 334.165
United States Consumer Price Index ex Food & Energy (MoM) above expectations (0.3%) in April: Actual (0.4%)
United States Consumer Price Index ex Food & Energy (MoM) above expectations (0.3%) in April: Actual (0.4%)
United States Consumer Price Index n.s.a (MoM) rose from previous 330.21 to 333.02 in April
United States Consumer Price Index n.s.a (MoM) rose from previous 330.21 to 333.02 in April
United States Consumer Price Index ex Food & Energy (YoY) above forecasts (2.7%) in April: Actual (2.8%)
United States Consumer Price Index ex Food & Energy (YoY) above forecasts (2.7%) in April: Actual (2.8%)
United States Consumer Price Index (YoY) above forecasts (3.7%) in April: Actual (3.8%)
United States Consumer Price Index (YoY) above forecasts (3.7%) in April: Actual (3.8%)
United States Consumer Price Index (MoM) in line with forecasts (0.6%) in April
United States Consumer Price Index (MoM) in line with forecasts (0.6%) in April
Japanese Yen: Intervention risk stays elevated – MUFG
MUFG’s Lee Hardman notes that the US Dollar’s (USD) rebound alongside higher Oil prices has lifted USD/JPY back towards 158.00, close to levels seen before suspected Japanese intervention.
ADP Employment Change 4-week average increases to 33K
Private-sector hiring in the US has added extra momentum in late April. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 33K jobs per week in the four weeks ending April 25.
Euro hovers below 1.1750 with all eyes on US CPI data
The Euro (EUR) heads lower against the Dollar (USD) on Tuesday, trading right below 1.1750 at the time of writing, after another rejection at the 1.1790 area on Monday.