In the currency market, the week began with the continued appreciation of the Euro during the day, reaching levels not seen since August, above 1.0960, in its exchange against the Dollar. Last week's inflation data in the United States continues to weigh on the market, where the shift to risk assets was accentuated, seeming to ignore geopolitical risks, and the reduction in the yields of the American curve continued to 4,39%.
The inflation data in the US also reduced the possibility of a greater restrictive policy by the FED, and also increased risk aversion, which justified a slight improvement in global stock markets.
In the public appearances section, Thomas Barkin of the FED stated that it is early to declare victory against inflation, but his words had little impact in a market eager to receive the minutes of the last FED meeting and that they could accentuate the bullish movement of the EUR/USD pair, or cool market expectations regarding rate cuts by the establishment.
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Economic News, Dollar, Euro
