- Analytics
- News and Tools
- Market News
- US inflation expectations bounce off the lowest levels since February
US inflation expectations bounce off the lowest levels since February
US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, snapped a two-day downtrend with a U-turn from the lowest level since late February.
That said, the inflation gauge rose from 2.55% to 2.60% by the end of Monday’s North American trading session.
A drop in the US inflation expectations also joins the US dollar’s south-run, amid repeated chatters of a 50 bps rate hike from the Fed, keeping the greenback bulls away from the table.
The US Dollar Index (DXY) extends the first weekly loss in seven as mixed covid signals from China, mostly positive, join the repeated Fedspeak around a 50 bps rate-hike, contrary to the recently hawkish comments from the ECB policymakers. Also weighing on the greenback were the headlines from Japan where US President Joe Biden mentioned that he is considering reducing tariffs on China.
Amid these plays, Wall Street ended Monday on a positive note and the US Treasury yields also rose as traders turn cautiously optimistic prior to the key data/events.
Also read: Forex Today: Dollar continues to shed ground
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
