Euro holds above 1.1500 as US inflation curbs Fed bets
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The New York Ledger
FXStreetEuro holds above 1.1500 as US inflation curbs Fed bets
The Euro holds firm above 1.1500 as inflation data in the US curbed Fed rate hike bets, as traders shifted from expecting a rate hike to a hold in the September 16 meeting, while investors await the release of economic growth figures in the European Union (EU). EUR/USD steadies as softer US inflation contrasts with hotter Spanish prices US producer-side inflation confirmed what the CPI revealed a day earlier: the disinflation process is evolving…
The euro rose again today against the dollar, approaching the 1.16 dollar barrier, on the same day that the US threatened Iran with economic isolation "as the world has never seen".
The euro extended its two-day rally against the US dollar. Weak US inflation data reinforced expectations that the Fed will limit rate hikes this year. In European trading hours, the euro rose 0.25% against the dollar to $1.1554; it opened at $1.1528 and hit a session low of $1.1525. On Thursday, the euro closed less than 0.1% higher against the dollar, marking its first rise in four trading days. US producer price and jobless claims data had be…
Inflation remains significantly above the target of 2% of the Fed, but has decreased in the last two months
EUR/USD Reacts to Data: Fed Rate Hike Expectations Fall - ActionForex
EUR/USD stood at 1.1537 on Friday, with markets continuing to digest incoming economic data. Soft US inflation figures have reduced expectations of a Federal Reserve rate hike in September. Data released on Thursday showed that producer prices were flat in July. Together with the benign CPI report, this suggests that inflationary pressures are not yet […] The post EUR/USD Reacts to Data: Fed Rate Hike Expectations Fall appeared first on ActionFo…
Dollar Dips As Soft U.S. Inflation Tempers Fed Rate Hike Bets
BitcoinWorld Dollar Dips as Soft U.S. Inflation Tempers Fed Rate Hike Bets The U.S. dollar slipped against major currencies on [Date] after softer-than-expected inflation data reduced the likelihood of further Federal Reserve interest rate hikes, according to market analysts. Market Reaction to Inflation Data The dollar index, which measures the greenback against a basket of six major peers, fell 0.4% to [specific level] as traders adjusted the…
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