It's been a very quiet day on the FOREX, with the $-Index gaining +0.05% to 102.93, while the Euro remains stuck at $1.0925, the Yen at 147.60 and the Pound at 1.2790.

The records broken on Wall Street (S&P500 at 5,175) aren't creating an air pocket for the $, as European indices are also piling up records.

Nor is the yield on US T-Bonds (up +4.5pts to 4.1530%) making any difference, as Bunds and OATs are posting +2 to +2.5pts.

As for the "most eagerly awaited figure of the month", it was a non-event: the February consumer price index (CPI) published at 1:30 p.m. was - if anything - a disappointment... but in practice, it did not change the situation, if only marginally.
CPI rose to 3.2% in February (annualized) and +0.4% sequentially (after a 0.3% rise in January vs. December)

Core inflation, the measure most closely watched by the Fed, rose to 3.8% (annualized) vs. 3.7% expected (and +0.4% monthly vs. 0.3% hoped for).

Neither the CPI nor the NFP, nor statements by Powell or Christine Lagarde, have acted as market movers in the last 1 week.

Bitcoin, the star of the first 10 weeks of the year (often seen as an alternative to the $), is catching its breath following its record high of $72,760 at around 3.05pm on March 12: it has lost 2% in 24 hours to $70,600.
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