Recent US PPI data for April from the US met expectations. Jerome Powell's cautionary comments on inflation and stringent policy measures instill a sense of uncertainty surrounding the USD. All eyes are on Wednesday’s CPI figures from the US. The USD/THB saw sharp losses on Tuesday, facing mixed influences from a robust US economy and cautious posture from the Federal Reserve .
Despite these robust indicators, cautiousness prevails with the Fed Chairman, Jerome Powell, maintaining a vigilant watch on inflation trends and emphasizing the need for pledging that rates may need to be kept higher for longer. Markets are betting, that the bank will start cutting in September and that a November cut is already priced in. However, the outcome of the CPI report might change those odds.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »