Dollar Rallies on Crude Oil Strength as Hot US CPI Report
View original at nasdaq.comDollar Rallies on Crude Oil Strength as Hot US CPI Report The dollar index (DXY00) today is up by +0.45%…
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Markets are discounting a 77% chance of a 25 bp BOJ rate hike at the next policy meeting on June 16
60% confidenceSwaps are discounting an 86% chance of a +25 bp rate hike by the ECB at the next policy meeting on June 11
60% confidenceIt is quite possible that the BOJ will raise the policy interest rate from the next policy meeting onward, even if the future course of the situation in the Middle East remains unclear
60% confidenceInflation risks are worsening and circumstances point to an ECB interest rate hike in June
60% confidenceThe current US-Iran ceasefire is on 'life support'
60% confidenceJapan imports more than 90% of its energy needs, making the yen vulnerable to crude oil price surges
60% confidenceSwaps markets are discounting the odds at 5% for a 25 bp rate cut at the next FOMC meeting on June 16-17
60% confidenceRich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article on the date of publication
60% confidenceThe worst part of the April CPI report is services inflation and the Fed has to think about how to break the chain of escalating inflation
60% confidenceThe US has an inflation problem
60% confidenceStrong central bank demand for gold is supportive of gold prices following PBOC's eighteenth consecutive month of reserve increases
60% confidence
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- Global Rate Surge Outlasts Powell: Banks on Three Continents Face Higher-for-Longer Reality →
- Powell Out, Warsh In: Global Rate-Cut Dreams Die as US CPI Holds at 3.8% →
- Warsh Takes Fed Chair With U.S. CPI at 3.8% as ECB Eyes Hikes and Global Rates Stay Elevated →
