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Dollar falls sharply as US inflation slows from peak


ednesday’s softer-than-expected US inflation print provided some relief for markets, sending the US dollar lower and risk currencies sharply higher. ( 3 min )

Written by
Matthew Ryan

Sterling fell fairly sharply against its major peers on Thursday afternoon following a very doom and gloom assessment of the UK economy from the Bank of England.

Matthew Ryan 4 August 2022 3 min

We expect the Bank of England to deliver a 50 basis point interest rate increase at this Thursday’s MPC meeting, though the decision among policymakers on the size of the hike is unlikely to be a unanimous one.

Matthew Ryan 2 August 2022 3 min

The US economy now meets the barest technical definition of a recession, and Federal Reserve hikes are now fully dependent on inflation and labour data meeting to meeting.

Enrique Díaz-Álvarez 1 August 2022

The US economy contracted for the second straight quarter in Q2 according to data released on Thursday, falling into what is traditionally classed as a technical recession, though US government officials have attempted to deny it.

Matthew Ryan 29 July 2022 3 min

This week’s FOMC announcement was largely as expected, though the lack of a firm commitment to additional larger rate increases did send the US dollar lower against its major counterparts on Wednesday.

Matthew Ryan 28 July 2022 3 min

The Federal Reserve is expected to deliver another sizable interest rate hike at its July policy meeting on Wednesday, although we think that calls for a 100 basis point move are unjustified.

Matthew Ryan 26 July 2022 5 min

Disappointing economic data out of the US brought yields down worldwide and removed any chance of a 100 basis point interest rate hike from the Federal Reserve this week.

Enrique Díaz-Álvarez 25 July 2022

The European Central Bank delivered a larger-than-expected 50 basis point interest rate hike on Thursday afternoon, as policymakers in the bloc grapple to rein in the sharp increase in inflation in the Euro Area.

Matthew Ryan 22 July 2022 5 min

The US dollar was a touch stronger against its major peers on Wednesday, as markets braced for potential negative headlines on the European energy crisis and the possibility of a downside surprise at this afternoon’s highly anticipated European Central Bank meeting.

Matthew Ryan 21 July 2022 3 min