Key Points
NEW YORK (Reuters) The dollar jumped against the euro and hit a one-month high against the yen on Thursday after data showed that U.S. consumer price inflation came in above economists expectations in December, raising some doubts that the Federal Reserve will cut rates as soon as traders expect...
Bitcoin also surged to a two-year high as several exchange-traded funds (ETFs) tied to the spot price of the cryptocurrency began trading...
The headline U.S. Consumer Price Index (CPI) rose 0.3% last month, for an annual gain of 3.4%, against expectations of 0.2% and 3.2%, respectively...
But todays CPI report suggests that the Feds initial rate cut may be later than the market is hoping for, said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina...
Traders expect the U.S. central bank to ease monetary conditions as the U.S. economy weakens and inflation moves back closer to the Feds 2% annual target...
You might be interested in
Dollar loses ground against euro as inflation data shows cooling
15, Aug, 24By Laura Matthews and Sruthi Shankar (Reuters) - The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as the U.S.consumer price index showed inflation
Dollar steady, bitcoin holds gains before ETF approval deadline
09, Jan, 24By Samuel Indyk and Rae Wee LONDON (Reuters) -A decline in U.S. consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve
Dollar mixed before inflation data, bitcoin slips
09, Jan, 24By Karen Brettell NEW YORK (Reuters) - The dollar edged higher against the euro on Tuesday and dipped against the yen as traders waited on inflation data on Thursday for clues on when the Federal
Dollar down on day, but off lows after hotter than expected inflation
12, Jan, 24By Karen Brettell NEW YORK (Reuters) -The dollar was down on the day against the euro and the yen on Thursday but off lows reached before data showed that U.S. consumer price inflation came in above
Stocks steady as dollar dithers ahead of US data
28, Nov, 23By Amanda Cooper LONDON (Reuters) -Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at
Dollar climbs to near 150 vs yen after US shutdown avoided, data
03, Oct, 23By Chuck Mikolajczak NEW YORK (Reuters) - The dollar index climbed on Monday, building on four straight weeks of gains after the U.S. government temporarily avoided a shutdown and economic data
Yen hits 4-week low, euro dips after German inflation data
29, May, 24By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) -The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid
Stocks edge up ahead of US inflation test, yen slips
12, Mar, 24By Amanda Cooper LONDON (Reuters) - Global shares edged up on Tuesday ahead of U.S. inflation data that could confirm how soon the Federal Reserve might cut rates, while the yen tumbled after Japanese