Weak Stocks and Crude Oil Strength Lift the Dollar
View original at nasdaq.comWeak Stocks and Crude Oil Strength Lift the Dollar The dollar index (DXY00) on Tuesday rose by +0.34%…
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The United States has an inflation problem
60% confidenceSwaps price an 87% chance of a +25bp ECB rate hike at the next policy meeting on June 11
60% confidenceMarkets price a 75% chance of a 25bp BOJ rate hike at the next policy meeting on June 16
60% confidenceThe current US-Iran ceasefire is on 'life support'
60% confidenceInflation risks in the Eurozone are worsening, pointing toward an ECB interest rate hike in June
60% confidenceThe worst part of the April CPI report is services inflation
60% confidenceIt is quite possible the BOJ will raise the policy interest rate from the next meeting onward, even amid ongoing Middle East uncertainty
60% confidenceSwaps markets discount 4% odds of a 25bp rate cut at the next FOMC meeting on June 16-17
60% confidenceJapan imports more than 90% of its energy needs, making it vulnerable to crude oil price increases
60% confidenceCurrent conditions point to an ECB interest rate hike in June
60% confidenceThe Federal Reserve must think about how to break the chain of escalating inflation
60% confidenceUS April CPI rose +3.8% y/y, the fastest pace in almost three years; core CPI rose +2.8% y/y, the largest increase in six months
60% confidencePBOC gold reserves rose +260,000 troy ounces to 74.64 million troy ounces in April — the largest monthly increase in a year and the 18th consecutive monthly increase
60% confidence
Cited in these Via News reports
- Global Bond Selloff Accelerates as Fed Leadership Vacuum Drives Treasury Yields to Multi-Year Highs →
- Global Bond Selloff Pushes US 30-Year Yield Past 5%, Forcing Corporate Debt Repricing Worldwide →
- 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 →
