ALEX BRUMMER: Putting the inflation genie back in the bottle
The world's top central banks all chose to deliver the same pre-Christmas present of a half-a-percentage point rise in interest rates.
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The world's top central banks all chose to deliver the same pre-Christmas present of a half-a-percentage point rise in interest rates.
The world's top central banks all chose to deliver the same pre-Christmas present of a half-a-percentage point rise in interest rates.
MUNICH — The recent elections in Sweden and Italy have shown that right-wing populism remains on the rise across Europe. Not so in Germany, where the far-right Alternative für Deutschland (AfD) has had only modest success so far.
The USD is grasping for support at a key spot ahead of tomorrow's CPI print, but EUR/USD performance may have an outsized impact on the matter given the prolonged trend that's now in focus.
The USD is pulling back after a double top formation triggered and started to fill-in; but whether this can be more than a pullback will likely depend on ECB tomorrow and the FOMC next week.