US PCE data provided the catalyst to help the dollar end the week flat. Will concerns around re-accelerating inflation emerge in the FOMC statement, buoying USD?
Source
US Dollar Forecast: Focus Shifts from Risk Rally to the Fed, NFP
access_timeMay 13, 2024
Latest:
- This week brings the “most crucial CPI reading of 2024”, a “mini Super Bowl”
- Reserve Bank of New Zealand Q2 2-year Inflation Expectations 2.3% (prior 2.5%)
- Federal Reserve speakers coming up on Monday include Mester and Jefferson
- China to sell 20, 30 and 50 year Treasury bonds
- China’s “weekend’s data add to the probability of a surprise rate cut”
- Australia’s budget (due Tuesday) will assume inflation to return to 2 to 3% by end 2024
- USD/JPY sitting just below 156.00, Japan PM said on Friday he’s closely monitoring the yen
- PBOC is expected to set the USD/CNY reference rate at 7.2284 – Reuters estimate
- Credit in China fell in April for the first time since 2017 (or 2005)
- JP Morgan highlights USD/JPY at 160 as key for Bank of Japan intervention
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