Month: November 2022

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Dollar is overwhelmingly the worst performer for the week, after yesterday’s post-CPI selloff. Yen is the strongest one, with help from the steep decline in US yields too. European majors follow as next strongest, with Swiss Franc having an upper hand against Euro and Sterling. While US stocks surged and Asia followed, commodity currencies are
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Stablecoin issuer Tether Holdings Limited published its latest quarterly attestation on Nov. 10, highlighting the “extremely liquid” nature of its assets at a time when crypto markets were reeling from news of FTX’s apparent insolvency.  Eighty-two percent of Tether’s reserves were held in cash, cash equivalents and other short-term deposits as of Sept. 30, 2022,
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Gold rallied by Rs 135 to Rs 51,898 per 10 gram in the national capital on Thursday amid a rise in price of the metal in international market, according to Securities. In the previous trade, the yellow metal had settled at Rs 51,763 per 10 gram. Silver, however, dropped by Rs 250 to Rs 61,618
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Dollar dives sharply in early US session after lower than expected CPI readings. CPI might have really started to turn around, and that would support Fed to start slowing the pace of tightening. For now, Sterling, Aussie and Yen are the strongest ones while Swiss Franc and Euro are lagging behind. But it will take
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Prior was +8.2% m/m CPI +0.4% vs +0.6% expected Prior m/m reading was +0.4% Real weekly earnings -0.1% vs -0.1% prior Core inflation: Ex food and energy +6.3% vs +6.5% y/y expected Prior ex food and energy +6.6% Core m/m +0.3% vs +0.5% exp Prior core m/m +0.6% This inflation report sets the stage for
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