{"id":110711,"date":"2017-08-11T04:48:33","date_gmt":"2017-08-11T08:48:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=110711"},"modified":"2017-08-11T04:48:33","modified_gmt":"2017-08-11T08:48:33","slug":"investors-closely-watch-fridays-u-s-cpi-data-11-8-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/investors-closely-watch-fridays-u-s-cpi-data-11-8-2017\/","title":{"rendered":"Investors Closely Watch Friday\u2019s U.S. CPI data 11-8-2017"},"content":{"rendered":"
August 11, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

U.S. Dollar Sank On PPI Data.\u00a0<\/strong>The dollar weakened after U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.\u00a0Investor focus now turns to Friday\u2019s U.S. consumer price index data.<\/p>\n

The Yen Rallied Broadly Against Most Major Currencies.<\/strong>\u00a0Stocks around the world fell sharply on Thursday, as the escalating tensions between the United States and North Korea drove investors to move into yen, gold and\u00a0other safe-haven assets.\u00a0U.S. dollar hit an eight-week low against the Japanese yen.\u00a0The yen is often sought in times of geopolitical tension, partly because Japan has a big current account surplus.<\/p>\n

RBA Keeps Rates At Record Lows.<\/strong>\u00a0The Reserve Bank of Australia (RBA) has left interest rates at an all-time low 1.50 percent after last easing in August 2016 as it balances tepid inflation with skyrocketing household debt. The household debt-to-income ratio is at a record high 190 percent and rising faster than incomes.<\/p>\n

Sterling Is At Three-Week Low.\u00a0<\/strong>Mixed bag of output and trade data didn\u2019t have much impact on investors\u2019 downbeat view of an economy struggling to meet Bank of England targets. British pound touched a three-week low against the dollar.\u00a0<\/strong><\/p>\n

NZD Consolidates After The Sell-Off.<\/strong>\u00a0The kiwi was 0.79 percent lower against the greenback after New Zealand\u2019s central bank said it was slightly more uncomfortable with the high level of the local dollar than it had been in May.\u00a0If the US dollar rises on tighter Fed policy, then NZD\/USD could fall as far as 0.69 by year end.<\/p>

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By MEX Group Team<\/strong><\/p>\n

The post Investors Closely Watch Friday\u2019s U.S. CPI data 11-8-2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com U.S. Dollar Sank On PPI Data.\u00a0The dollar weakened after U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.\u00a0Investor focus now turns to Friday\u2019s U.S. consumer price index data. The Yen […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-110711","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=110711"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110711\/revisions"}],"predecessor-version":[{"id":110712,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110711\/revisions\/110712"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}