The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
The US Dollar spent most of last week on the defensive as financial markets returning from the winter holidays went about retracing from “Trump trade” extremes. The currency shrugged off supportive manufacturing- and service-sector ISM surveys but paid keen attention to minutes from December’s FOMC meeting. These showed that Fed officials were far less convinced of the need for a drastic hawkish policy pivot than the markets seemed to be.
December’s official US labor-market statistics lifted the greenback’s spirits. While the monthly payrolls gain fell short of analysts’ forecasts, wage inflation unexpectedly soared to a cyclical high of 2.9 percent. This hinted that the economy is running hotter than has been accounted for even before any expansionary fiscal policy championed by President-elect Trump compounds upward price pressure. This sent the US unit higher alongside bond yields and year-end Fed Funds rate projections implied by futures markets.
Related posts:
Dollar slips after cautious Fed minutes
Asia shares take a breather, dollar sold anew
Dollar weakens vs yen, but outlook stays positive on Fed hike view
Dollar dips to six-week low as Fed rate outlook continues to weigh
Asian shares at 21-month highs, dollar soft on Fed views
Cultivation of Coca, the Leaf Used to Make Cocaine, Soars Anew in Colombia
Dozens injured as Israeli police, Palestinians clash anew in Jerusalem
Investors cautious of Nigeria’s property market despite opportunities
