Euroflation falls, the US dollar strikes back

Friday 1st December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABEuropean inflation fells a little faster than expected. It’s knocked the Euro a little today, but JBWere’s Sally Auld says for the Euro to really see some gains it’ll take a combination of US rate cuts alongside strong growth outside the US, to help drive down the dollar. Meanwhile, the dollar ticked up a little today, with no surprises in the Core PCE numbers, and some unsurprising high-for-longer sentiment from Fed speakers. Jerome Powell will no doubt follow the same script in his fireside-chat later today. Aussie yields rose quite a bit higher overnight, perhaps because data is showing some resilience, particularly in housing. China’s PMI’s yesterday though, showed just how fragile their recovery is. Hosted on Acast. See acast.com/privacy for more information.