Financial markets traded with an optimistic yet cautious tone throughout the first half of the day, as investors awaited the release ofrose at an annualized pace of 6.4% in January, better than the previous 6.5% but missing the 6.2% expected.
Financial markets struggled with the figures, as inflation eased, but at a slower-than-anticipated pace. That means the US Federal Reserve could keep tightening the monetary policy until achieving its 2% target. Markets moved away from high-yielding assets, withComments from Dallas Federal Reserve President Lorie Logan added pressure on stocks, as she noted that “we must remain prepared to continue rate increases for a longer period than previously anticipated.
EUR/USD traded between 1.0700 and 1.0800 to finally settle at around 1.0730. GBP/USD peaked at 1.2268 but ended the day around 1.2160. TheAUD/USD hovers around 0.6980 as market players await Reserve Bank of Australia Governor Philip Lowe’s testimony before the Senate. USD/CAD trimmed early losses and stands in the 1.3340 region.are little changed on a daily basis, with WTI changing hands at $79 a barrel.
ValBednarik How do you know ? The US Federal Reserve will keep raising rates because every meeting is data independent , please respect our brains and more credibility .
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