INVESTINGLIVE
US dollar slides as inflation numbers cool Fed hike talk
From the original
The US dollar is facing some moderate pressure after today's data slate. The main driver of it is the PCE report which showed inflation at 4.1% y/y and core inflation at 3.4%. Both of those were precisely in-line with expectations but it appears the market is breathing a sigh of
Related speeches
4 itemsDESK NOTEING Economics
FX Daily: US price check this week
The US inflation data release this week is expected to dictate near-term dollar direction, with market focus on whether disinflation progress continues or stalls. ING Economics highlights that a soft CPI print could weaken the dollar further, while a hot number may revive rate hike fears.
INVESTINGLIVEGiuseppe Dellamotta
EUR/USD continues to erase the NFP gains as focus remains on the US CPI data. What's next?
ING THINK