Easing Inflation Trends in the UK and EU: Analysis of March CPI Data
The UK's Consumer Prices Index (CPI) saw a decline to 3.2% in March, marking the lowest annual rate in two and a half years.
Read MoreThe UK's Consumer Prices Index (CPI) saw a decline to 3.2% in March, marking the lowest annual rate in two and a half years.
Read MoreAfter a week dominated by the Labor PMI and culminating with the NFP labor market report from the US, the new week will shift focus towards CPI data from various countries.
Read MoreThe EUR/USD pair faced difficulty gaining momentum as the new week began, hovering around the mid-1.0600s in the early European session. This stagnant movement follows the pair's recent decline, reaching its lowest point since March last Friday. The strength of the US Dollar (USD) plays a significant role in this scenario, boosted by the Federal Reserve's hawkish stance.
Read MoreJapan's wholesale inflation rate has been steadily decreasing for the seventh consecutive month, now at 3.6% compared to June's revised rate of 4.3%.
Read MoreIn the US, both consumer price inflation and core inflation experienced a slowdown in June, reaching their lowest levels since March 2021.
Read MoreThe upcoming focus in the United States centers around the Consumer Price Index (CPI) figures.
Read MoreAccording to the report from the Labor Department on Wednesday, the US consumer price index, which measures the cost of a wide range of goods and services, experienced a monthly increase of 0.4%, aligning with the estimate from Dow Jones. However, on an annual basis, the increase amounted to 4.9%, slightly below the estimated 5%.
Read MoreThe pair lost value after PMI data from Germany. It recovered some of losses after CPI data.
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