EUR/USD 1.13512
0.630%
Gold 3362.30
2.050%
Oil 61.184
0.894%
USD/JPY 142.678
-0.919%
GBP/USD 1.35160
0.727%
GBP/JPY 192.828
-0.198%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 24, local time on the 23rd, Iranian Foreign Minister Araghchi said that the fifth round of nuclear talks between Iran and the United States was the most professional round of negotiations, Irans position was very clear, and the United States now has a better understanding of Irans position. At present, the United States and Iran have agreed that while the leadership of their respective countries is further deliberating, the Omani Foreign Minister will continue to study the details of his ideas and provide them to both sides for further deliberation. Araghchi said that the time and place of the next round of negotiations will be determined and announced separately. Araghchi also said that the negotiations are complicated and it is impossible to reach a final conclusion in two or three meetings. But the negotiations are now on a reasonable track, which is a progress in itself. He hopes that in the next one or two talks, a solution that will promote progress in the negotiations can be reached to pave the way for a final agreement.Russian Foreign Minister Lavrov: Once the prisoner exchange is completed, Russia will be ready to submit to Ukraine a draft document outlining the conditions for achieving long-term peace.Polish Trade Minister: I believe a good agreement will be reached between the United States and the European Union.Polish Trade Minister: I hope that the trade negotiations between the US and Europe can reach a good agreement that is fair to both sides.The Bank of Ghana kept its benchmark interest rate unchanged at 28.00%.

US Dollar Index Struggles to Surpass 104.00 as US Inflation Rate Rises

Daniel Rogers

May 11, 2022 10:06

The US dollar index (DXY) is equilibrating below the round level mark of 104.00 as market players lose interest in the release of US inflation data. The asset has been fluctuating between 102.35 and 104.20 since April 28 amid a flurry of key economic events, ranging from the Federal Reserve's (Fed) interest rate decision and the announcement of US Nonfarm Payrolls (NFP) last week to the impending Consumer Price Index (CPI) statistics.

US CPI Figures

The US Bureau of Labor Statistics is anticipated to report an annual inflation rate of 8.1 percent, a decrease from the previous rate of 8.5 percent, while the core CPI, which excludes food and energy, is anticipated to reach 6 percent. Although inflation is anticipated to be lower, this does not guarantee that the Fed will not raise rates in June. If the annual inflation rate rises over the multidecade high of 8.5%, investors should anticipate greater volatility. 

Fed's Mester's address

Loretta Mester, president of the Federal Reserve Bank of Cleveland, stated that the Fed will not ease its stance on interest rates until it observes a significant decline in inflation levels. Inflation rates are skyrocketing, and the current scenario necessitates tougher measures to curb the rate of inflation's ascent.

 

Important events this week include the Consumer Price Index (CPI), Initial Jobless Claims, and the Producers Price Index (PPI), as well as the Michigan Consumer Sentiment Index (CSI).

 

On the back burner are the Russia-Ukraine Peace Talks, China's CPI, and Christine Lagarde's address as President of the European Central Bank (ECB).


image.png 


Suggestion