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PT Solid Gold Berjangka | Dollar Slips Seventh Day Ahead of US Inflation Data

06:12 12 October in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP by admin_sgb_tcc
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This passage discusses the recent trends in the foreign exchange market, particularly focusing on the US dollar’s weakening, likely due to dovish remarks from the Federal Reserve and anticipation of US inflation data. Here’s a summary of the key points:

  1. Dollar Weakening and Fed Remarks:
    • The US dollar (USD) has weakened for a seventh consecutive day, attributed to dovish remarks from Federal Reserve officials.
    • Comments from Fed Bank of Atlanta President Raphael Bostic and Fed Governor Christopher Waller were mentioned as contributing factors to this trend.
  2. Impact on Treasury Yields:
    • The dollar’s decline was accompanied by a consolidation in Treasury yields.
  3. Awaiting US Inflation Data:
    • Investors are eagerly awaiting the release of US Consumer Price Index (CPI) data, which is expected to provide further insights into the direction of monetary policy.
  4. Bloomberg Dollar Spot Index:
    • The Bloomberg Dollar Spot Index, a measure of the USD against a basket of major currencies, fell by 0.1% and had seen a total drop of nearly 1.1% over the past seven days.
  5. US 10-Year Treasury Yields:
    • US 10-year Treasury yields remained relatively stable at 4.57%.
  6. Impact of CPI Data on the USD:
    • The reaction of the USD to the CPI data is uncertain. A downside surprise in inflation may suggest the end of the tightening cycle by the Federal Open Market Committee (FOMC), potentially lowering US yields and the USD. Conversely, an upside surprise may reinforce the likelihood of a 25 basis points (bp) rate hike.
  7. Australian Dollar (AUD) Performance:
    • The AUD/USD pair rose by 0.2% to 0.6427 following data indicating increased consumer expectations of inflation in Australia over the next 12 weeks.
  8. Consumer Inflation Expectations:
    • Consumer expectations of inflation in the US are cited, indicating a rise to 4.8% over the next 12 weeks compared to 4.6% in September.

The source of this information is Bloomberg , PT SGB, SOLID GROUP, SOLID GOLD BERJANGKA.

The source of this information is Bloomberg , PT SGB, SOLID GROUP, SOLID GOLD BERJANGKA.

The source of this information is Bloomberg , PT SGB, SOLID GROUP, SOLID GOLD BERJANGKA.

Indeks Dolar Dolar AS AUD/USD,

 

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