Forex Today: Markets are awaiting key US inflation data which will be closely watched for signs that the Fed is succeeding in bringing down the rate. Markets FOREXNEWS Trading
Enter your emailMarkets are awaiting key US inflation data which will be closely watched for signs that the Fed is succeeding in bringing down the rate.There will be a release of US CPI data today, a major event which will be carefully watched as analysts hope to see further evidence that inflation in the US has peaked.
Global stock markets are mostly higher although Asian markets have not gained as strongly as they did yesterday. In the Forex market, the US Dollar continues to weaken slightly, with more action in the Japanese Yen which, it is speculated, will begin to benefit from supportive intervention by the Bank of Japan, which has $12 trillion in currency reserves. above ¥145 and probably really want to see it stabilise somewhere below that level.
Sunday’s election in Sweden looks likely to deliver a change in government from left to right by a very narrow margin, but the final result will not become known until tomorrow. It is estimated that 67.8% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 7.8% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.
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