U.S. Economy

The U.S. Dollar surged after U.S. inflation was stronger than was expected in March, lowering the odds of a June rate cut at the Federal Reserve to less than 50%.

The U.S. Dollar recovered sharply across the board following the release of stronger-than-anticipated U.S. labour market statistics.

The Dollar fell across the board after the ISM PMI survey of the services industry showed a slowing in momentum that raised hopes the Federal Reserve could cut interest rates for the first time in June.

The market is increasingly assuming that a U.S. rate cut is some months away.

Another surprisingly robust U.S. inflation release has aided Dollar exchange rates higher and points to "brewing bullish momentum" according to one analyst.

RBC Capital Markets has adjusted its Federal Reserve (Fed) call, now forecasting 75 basis points (bp) of rate cuts for 2024, delivered at a quarterly pace.

The Dollar firmed in the wake of an above-consensus U.S. inflation report that put the brakes on rising bets that the Federal Reserve could cut interest rates in June.

The Dollar was sold after data showed wages in the U.S. cooled sharply in February, raising the prospect of a mid-year interest rate cut at the Federal Reserve.

Dollar exchange rates were broadly weaker on the day a U.S. job survey revealed fewer people are quitting jobs each month to pursue higher-paid prospects.

The Dollar was broadly softer after a highly-anticipated business survey missed expectations and hinted at a potential slowdown in America's hot growth rate.

Core PCE inflation - often touted as the Federal Reserve's favoured inflation gauge - rose in January by 0.4% month-on-month, double that of December.

The Pound to Dollar exchange rate was set to end the week on a sour note following the release of a fresh U.S. inflation reading that pointed to persistent price pressures.

The Dollar retreated after U.S. retail sales and industrial production numbers printed at levels that were weaker than expected.

U.S. inflation came in well above expectations in January, but economists say this is a blip as leading indicators all point to ongoing declines in inflation over the coming months.

The Pound to Dollar exchange rate dropped below 1.26 after U.S. inflation beat expectations across the board when released on Tuesday.

The Pound to Dollar exchange rate dipped below the 1.26 level amidst fresh evidence of strong U.S. economic growth.

In its latest economic outlook report for February 2024, Wells Fargo paints a cautiously optimistic picture of the U.S. economy, buoyed by upgrades to GDP forecasts and closely monitoring anticipated Federal Reserve actions.

The Dollar's strong start to the new week was given a fresh boost following the release of a U.S. economic survey that confirmed a strong start to the year.

Pound Sterling fell sharply against a resurgent U.S. Dollar which caught a fresh bid following the release of some hotter-than-expected U.S. job and wage numbers.

The Pound to Dollar exchange rate looks set to end the week on a solid footing, aided in part by the release of a much-watched inflation gauge that undershot expectations.