US dollar at daily peak on Wednesday amid higher inflation report

Posted 14 February, 2018

The greenback rate has peaked vs the majors driven by higher-than-expected inflation in the USA.

According to the report of the Labor Department, the annual rate moved up to 2.1% in January and core rate – 1.8%. The consumer price increased 0.5% m-o-m and core level – 0.2%.
US futures slumped after the release report brought back concerns about probable early upward revision of interest rate by the Federal Reserve.

Another report about retail sales showed a 0.3% decline over the period under review (0.4% up in December).

The US Dollar index rebounded to some 89.93.

The European currency weakened vs the greenback. As a result, EUR-USD was seen at 1.2293. Earlier, the rate reached a weekly peak at 1.2393. At the same time, the US dollar failed to improve vs the yen staying slack at 107.46 in USD-JPY – the multimonth minimum was hit at 106.84 tonight on expectations of the inflation report. The yen, in its turn, makes use of Japan's trade balance surplus being more flexible against currencies of the countries with balance deficit.

GBP-USD dropped 0.62% to 1.3802.

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15 February, 2018 11:39

← Yen to US dollar rate touches fresh multimonth high

At the Asian session, the Japanese yen to the US dollar hit an all-time high recorded back in November 2016 and keeps soaring vs the majority of currencies, according to news reports. At the same time, the greenback resumed falling vs the majors driven by the concerns about the bigger budget deficit and state debt in the USA. EUR to USD was at $1.2464 this morning ($1.2451 yesterday in New York).

Yen to US dollar rate touches fresh multimonth high

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14 February, 2018 15:52

EU authorities express concerns about cryptocurrencies →

There were several at once European regulators, including the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority, that made a statement about risks connected with investments in cryptocurrencies. They believe that these coins appear to be a classical sample of a speculative bubble and are improper for investment.

EU authorities express concerns about cryptocurrencies
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