euro FX gold pound

‘This Increases The Anxiety’: Gold Surges With Euro, Sterling On CPI Miss

July 14, 2017July 14, 2017

And the fallout from the CPI miss continues as markets attempt to assess what this means for the Fed's increasingly convoluted reaction function. The knee-jerk reaction was of course a lower dollar and lower yields. Looking out across FX land, this just adds to the ongoing dollar malaise. As Bloomberg notes, "EURUSD rose to fresh high at 1.1446 before pausing ahead of 1.1450 where large expiry rolls off today, introducing some related supply"... "Weaker-than-expected CPI and retail sales d

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

One thought on “‘This Increases The Anxiety’: Gold Surges With Euro, Sterling On CPI Miss”

ShockedToFindGambling

July 14, 2017 at 12:12 pms Reply

Could be the first concrete sign of a recession………retail sales and inflation have been weak for months and now consumer sentiment turning bearish.