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UK CPI set to show sticky inflation in February as markets price a BoE rate hike
The UK Office for National Statistics (ONS) will release the February Consumer Price Index (CPI) figures on Wednesday at 07:00 GMT, a print that will matter for markets. Consensus expectations point to inflation pressures keeping their grasp on the economy.Fxstreet
Wed, Mar 25
Japanese Yen receives support following BoJ Meeting Minutes
USD/JPY edges lower after registering gains in the previous day, trading around 158.70 during the Asian hours on Wednesday. The pair weakens as the Japanese Yen (JPY) gains support following the release of the Bank of Japan’s (BoJ) January Meeting Minutes.Fxstreet
Wed, Mar 25
Fed’s Barr: Rates may need to be on hold for some time given above target inflation
Federal Reserve (Fed) Governor Michael Barr said on Tuesday that the central bank may need to keep interest rates steady "for some time" before further cuts are warranted, noting continued inflation above the Fed's 2% target and the risks posed by the ongoing conflict in the Middle East.Fxstreet
Tue, Mar 24
Forex Today: Oil surge and weak Eurozone PMIs drive markets as US Dollar firms
The US Dollar Index (DXY) is trading around the 99.50 region, experiencing a relative surge as rising United States (US) Treasury yields and hawkish Fed expectations offset mixed risk sentiment. Elevated Oil prices reinforce inflation concerns, supporting the Greenback.Fxstreet
Tue, Mar 24
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