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May 13, 2024
USD flows: USD lifted by higher New York Fed inflation expectauons
May 13, 2024 3:26 PM UTC
The USD has seen a bounce on the New York Fed’s April survey of consumer inflation expectations, showing market sensitivity to the issue. This reinforces a message of stronger inflation expectations in May’s preliminary Michigan CSI report on Friday.
Preview: Due May 14 - U.S. April PPI - New Year strength fading
May 13, 2024 12:26 PM UTC
We expect a 0.3% increase in April’s PPI, with gains of 0.2% in the core rates ex food and energy and ex food, energy and trade. The core rates would match March’s outcome which slowed from above trend gains in January and February.
USD/JPY flows: BoJ Purchase decrease and Kato's remark Affecting JPY
May 13, 2024 4:37 AM UTC
Japan's Kato says its natural that monetary policy will revert to positive interest rates
Bank of Japan has reduced the amount of 5-10yr JGBs purchased in its latest operation from 475bn JPY to 425bn JPY, comparing to last operation.
Asia Open - Overnight Highlights
May 13, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform individually against the USD as the greenback reversed earlier losses on more hawkish market sentiment. THB saw the largest gains of 0.59%, followed by KRW 0.14%, TWD 0.12%, MYR 0.03% and INR & HKD 0.01%; the biggest losers are CNH & SGD 0.16% CNY 0.1% and IDR 0.08
May 12, 2024
May 10, 2024
Preview: Due May 21 - Canada April CPI - Headline stable but BoC core rates falling
May 10, 2024 2:44 PM UTC
April CPI will be closely watched as the last CPI release before the June 5 Bank of Canada meeting. We expect the yr/yr pace to be unchanged from January at 2.9% which was also the pace in January before February saw a brief dip to 2.8%. However we expect continued steady downward progress in the Bo
U.S. May Michigan CSI - Lowest since November, inflation expectations highest since November
May 10, 2024 2:12 PM UTC
May’s preliminary Michigan CSI of 67.4 from 77.2 is the weakest since November 2023 and hints at a loss of momentum in the economy, but with higher inflation expectations, the 1-year view up significantly to 3.5% from 3.2% and the 5-10 year view up marginally to 3.1% from 3.0%.
Canada April Employment - Trend still solid, suggesting no urgency for BoC easing
May 10, 2024 12:58 PM UTC
Canada’s 90.4k increase in April employment is well above expectations and raises doubt over the case for a June rate cut, this being the last employment report the Bank of Canada will see before its June 5 meeting. Unemployment was unchanged at 6.1% but wage growth (hourly wage fir permanent empl
Asia Open - Overnight Highlights
May 10, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform individually against the USD as the greenback reversed its earlier gains on higher initial claim figure. KRW saw the largest losses of 0.52%, followed by TWD 0.14%; the biggest winners are SGD 0.22% CNH 0.1%, CNY 0.07%, THB 0.06%, HKD 0.04%, INR and MYR 0.01%.
USD/C