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Dollar tumbles on soft inflation, weak retail sales

16 May 2024 by Financial Mirror

Dollar tumbles on soft inflation, weak retail sales

The EURUSD pair reached a monthly high near 1.0870 as the US Consumer Price Index eased and Retail Sales remained stagnant in April.

Categories Other Tags April, bank, Business, central bank, confidence, Consumer Price Index, currencies, currency, data, decline, Dollar, Dollar Index, DXY, ECB, ECB policymaker, ECB rate cut, economic data, Economy, employment, euro, Euro-dollar, European Central Bank, Eurostat, eurozone, EURUSD, EURUSD pair, expectations, Fed rates, Federal Reserve, gdp, GDP growth, governor, growth, higher interest rates, hope, inflation, interest, interest rates, investors, MarketPulse, Markets, meeting, New York, OANDA, policy, policy divergence, policymakers, price, price pressures, progress, quarterly, released, report, retail sales, sales, situation, SIX, Treasury, U.S. Consumer Price Index, US, US CPI, US dollar, US economy, US Fed, us inflation, wage growth, WHO, World

Euro under pressure as ECB eyes rate cut

16 April 2024 by Financial Mirror

Euro under pressure as ECB eyes rate cut

The Euro is trading close to a five-month low against the dollar, with market expectations for the ECB to begin reducing interest rates increasing.

Categories Other Tags bank, central bank, Christine Lagarde, confidence, currency, Dollar, ECB, ECB rate cut, euro, Eurodollar, European Central Bank, EURUSD, expectations, Fed rate cuts, Fed rates, Federal Reserve, inflation, interest, interest rates, interview, investors, Main, MarketPulse, Markets, meeting, meetings, OANDA, policy, policy divergence, president, pressure, rate cut, statement, support, U.S. inflation, US Fed, us inflation, World

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