Bond sell-off accelerates after hot US PPI - Newsquawk US Market Wrap
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Germany import prices declined at the fastest pace in nearly 14 years in June largely due to the sharp reduction in energy import cost, data published by Destatis showed on Monday.
The USD mixed/lower
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Dollar is still facing much broad-based pressure as risk-on sentiment continues to dominate the markets. A slight recovery could be on the cards due to pre-weekend profit-taking, although this largely hinges on the inflation expectation figures in the forthcoming University of Michigan Consumer Sentiment report. Should the inflation expectations display a substantial decrease, this could provide a further boost to risk appetite and potentially lead to another downturn for Dollar, before getting an opportunity to stabilize next week.