ACTV - Double Whammy: U.S. CPI And Federal Reserve
2024-06-12 07:15:00 ET
Summary
- Position adjustments ahead of today's US CPI and FOMC meeting are giving the dollar a modestly heavier tone today.
- Led by Central Europe, most emerging market currencies are firmer too.
- The 10-year US Treasury yield is a little softer and has slipped below 4.40%.
Overview
Position adjustments ahead of today's US CPI and FOMC meeting are giving the dollar ([[DXY]], [[USDOLLAR]]) a modestly heavier tone today. Each of these events are typically a source of volatility in their own right, and together, they promise an eventful North American session. The yen is the only exception among the G10 currencies, but even there, the dollar is holding below yesterday's highs. Even sterling's relative resilience this week was unmarred by the flat April GDP. Led by Central Europe, most emerging market currencies are firmer too. The beleaguered Mexican peso remains under pressure and has taken another leg lower amid the political backdrop....
Double Whammy: U.S. CPI And Federal Reserve