About: anakin
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The dollar experiences increased selling, with EUR/USD, GBP/USD, and AUD/USD trending upwards.
The dollar weakens broadly as major currencies gain; upbeat risk sentiment persists despite earlier U.S. strength.
Austan Goolsbee remarked on NPR that April’s inflation reflects data lag, while the Fed remains cautious
Federal Reserve urges patience on inflation trends; cautious stance sends US Dollar Index down 0.57%.
Spain’s final CPI matched prelim at +2.2%, while core inflation rose to 2.4% from 2.0%
Spain’s CPI and HICP hold steady at 2.2% annually; core inflation rises to 2.4% year-on-year.
According to ING analysts, the Japanese Yen benefitted from the April ‘sell America’ trend
Japanese Yen strengthens amid ‘sell America’ trend; potential BOJ rate hike may push USD/JPY toward 140.
Mann expressed concerns over rising household inflation expectations and ongoing goods price inflation in the UK
BOE’s Mann cites resilient UK labour market, warns of inflation expectations, shifts to hawkish policy stance.
