Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide
==========
The dollar held mostly steady as traders await next week's US inflation data and its implications for Federal Reserve policy. The yen found support in the Bank of Japan's summary of opinions, which showed board members were overwhelmingly hawkish at their April policy meeting. The market remains biased for the upside for dollar/yen due to the chasm between Japan's ultra-low yields and those in the United States. Market focus will soon shift to the April US producer price index (PPI) and consumer price index (CPI) for signs of inflation. The Bank of England is likely to take another step towards its first interest rate cut in four years as inflation falls. China's exports and imports returned to growth in April, potentially delaying rate cuts. Bitcoin rose 0.09% to $61,618.12.
#Dollar #UsCpiData #Boj #Yen #Inflation #FederalReserve #BankOfJapan #InterestRates #BankOfEngland #ProducerPriceIndex #ConsumerPriceIndex #China #Exports #Imports #Bitcoin
https://finance.yahoo.com/news/dollar-holds-ground-key-inflation-014359990.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-09 07:30:52
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-09 07:30:52Event JSON
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"content": "Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide\n==========\n\nThe dollar held mostly steady as traders await next week's US inflation data and its implications for Federal Reserve policy. The yen found support in the Bank of Japan's summary of opinions, which showed board members were overwhelmingly hawkish at their April policy meeting. The market remains biased for the upside for dollar/yen due to the chasm between Japan's ultra-low yields and those in the United States. Market focus will soon shift to the April US producer price index (PPI) and consumer price index (CPI) for signs of inflation. The Bank of England is likely to take another step towards its first interest rate cut in four years as inflation falls. China's exports and imports returned to growth in April, potentially delaying rate cuts. Bitcoin rose 0.09% to $61,618.12.\n\n#Dollar #UsCpiData #Boj #Yen #Inflation #FederalReserve #BankOfJapan #InterestRates #BankOfEngland #ProducerPriceIndex #ConsumerPriceIndex #China #Exports #Imports #Bitcoin\n\nhttps://finance.yahoo.com/news/dollar-holds-ground-key-inflation-014359990.html",
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