In December 2024, the inflation landscape in the United States presented a complex picture, as the Consumer Price Index (CPI) recorded a 0.4% increase for the month and a 2.9% rise year-over-year, aligning with market forecasts. This marks the third consecutive monthly increase in CPI, primarily fueled by a significant
UK GDP, US retail sales data in Focus today FX Update Dollar Index The dollar pared some losses against major peers on Wednesday but stayed weaker as cooler-than-expected data eased fears that inflation was accelerating and increased the chances the Federal Reserve could cut interest rates twice this year. The
US Core PPI, UK MPC & FOMC Speeches: What’s in Focus? FX Update The Indian rupee slumped to a fresh all time-low and logged its biggest single-day decline in nearly two years on Monday, bogged down by a surging U.S. dollar, likely outflows from local equities and limited intervention from
China CPI, German Retail sales data in Focus today FX Update The U.S. dollar rose for a second straight session on Wednesday as U.S. bond yields continued their recent advance, following a report that President-elect Donald Trump was contemplating the use of emergency measures to allow for a new tariff
FX Update The U.S. dollar advanced against the yen and euro on Tuesday after data showed a generally stable jobs market and a services sector that remained robust, suggesting that the Federal Reserve will likely slow the pace of its current rate-cutting cycle. Data showed U.S. job openings in November
Today’s economic news looks quite interesting FX Update The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers’ month-end dollar demand. The rupee INR=IN ended at 85.2625 to the dollar, against 85.20 in the previous session. It
US Weekly Unemployment claims in Focus today FX Update The dollar edged higher on Tuesday in thin holiday trading as the expected slower path of interest rate cuts from the U.S. Federal Reserve compared with other global central banks continued to command market direction. The greenback has jumped more than
Event scheduled today – Japan Inflation, US Homes sales data in Focus today FX Update The Indian rupee weakened on Monday, pressured by a decline in the offshore Chinese yuan and month-end importer dollar bids, while dollar-rupee forward premiums nudged higher. The rupee INR was at 85.11 against the U.S.
Japan CPI Sparks Curiosity This Week Last week’s flurry of central bank decisions gives way to a quieter week, with policy meeting minutes from Japan , and Canada taking center stage ahead of the holidays. Major data and Events data for this week – Japan CPI Sparks Curiosity This Week
Top Economic News You Can’t Afford to Miss Today FX Update The dollar sparked near its two-year high on Thursday after the Federal Reserve cut interest rates and signaled a much slower monetary policy easing trajectory in 2025, while the yen weakened against the greenback after the Bank of Japan
