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8 Jan 2024

US: Inflation figures may manage to slow the Dollar's downward trend – Commerzbank

In the US, the December inflation figures will be released on Thursday. Economists at Commerzbank analyze how the CPI report could impact the Dollar.

Dollar will quickly be back in the penalty box on weak numbers

Those hoping for a clearer signal of an imminent rate cut from the Fed after the jobs report will likely be disappointed. Yes, inflation in the US continues to fall. But not very fast, according to our experts. An increase of around 0.25% MoM for both the headline and core rate does not indicate a rapid decline in inflation. According to our experts, the headline rate could even rise slightly to 3.2% YoY in December. The core rate is likely to remain uncomfortably high at 3.8%.

Perhaps the inflation figures will manage to slow the Dollar's downward trend. But I am afraid that the Dollar will quickly be back in the penalty box on weak numbers.

Jan 8, 2024

JPY likely to recover modestly in 2024 after three straight years of weakness – HSBC

2023 marked the third consecutive year of outsized declines in the Japanese Yen (JPY).
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Jan 8, 2024

Mexican Peso hits four-month highs against the US Dollar

The Mexican Peso (MXN) post decent daily gains of 0.31% against the US Dollar (USD) following last week’s US employment report and a light economic docket in Mexico.
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