The U.S dollar is in trouble and is heading for a fourth day of losses against G10 currency pairs on rate differentials, while Euro equities are under pressure as the region’s ‘single’ currency (€1.2260) rallies to its strongest position in more than three-years outright.
Last Friday’s December U.S CPI report should go some ways to provide some reassurance to the Fed that domestic inflation is likely to rise towards their target over time, however, both U.S policy makers and the market will most likely require more convincing that firmer inflation can be sustained and reason why the U.S currency starts this week on the back foot.
Last modified on Tuesday, 16 January 2018
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