Free Trial

USD is mixed in G10 ahead of inflation

  • A steady trading session for FX during our morning European session.
  • Market participants have mainly been on the side line, something that is noticed across most assets.
  • USD pared some of its overnight weakness, albeit close to flat against CHF, AUD, EUR, GBP, JPY.
  • On either side of the spectrum, the Dollar is up 0.14% against the SEK and down 0.57% versus the NOK.
  • ALL EYES are on the US CPI, but Mr Powell will still want to see a second release in February for the January reading, ahead of the first expected hike in March.
  • Today will nonetheless give the market its first clue on how gradual or aggressive to Fed will be in their tightening cycle.
  • Besides the US Inflation, speakers include, BoE Cunliffe, Fed Kashkari and BoJ Kuroda.
  • US also release their Beige Book

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.