BERNAMA - US DOLLAR SOFTENS AS INVESTORS DIGEST LOWER-THAN-EXPECTED INFLATION DATA
Us dollar, euro, pound, late new york trading
Source: bernama.com
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Us dollar, euro, pound, late new york trading
March 2023 had seen a veritable 100 bps fall in the US inflation from 6.0% to 5.0%.
U.S. CPI was up a slightly less than expected 4.9% in March. BofA says Amazon stock has a negative correlation with inflation.
As we will be entering into fifth week of earnings season, over 300 companies are set to announce their quarterly numbers in the week ended May 14.
Besides, the trading activity of Foreign Portfolio Investors (FPIs) would also be tracked.