{"id":85719,"date":"2024-06-13T11:34:06","date_gmt":"2024-06-13T08:34:06","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=85719"},"modified":"2024-06-13T17:15:14","modified_gmt":"2024-06-13T14:15:14","slug":"bojs-turn-tomorrow","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/ko\/bojs-turn-tomorrow\/","title":{"rendered":"BoJ\u2019s turn tomorrow"},"content":{"rendered":"

The USD lost ground against its counterparts yesterday. The weakening of the USD started early in the American session as the CPI rates came in lower than expected. The headline rate ticked down, while the core rate slowed down even further, both on a year-on-year level, while on a month-on-month level, headline inflation in the past month remained unchanged. All were perceived by market participants as a signal that inflationary pressures in the US economy have started to ease once again. Later in the American session, the Fed released its interest rate decision. The bank as expected remained on hold displaying a data dependence in its  <\/a>, yet the new dot plot in the bank\u2019s economic projections <\/a>moved higher,  implying that Fed policymakers are prepared to keep rates high for longer supporting the USD. Yet in his press conference, Fed Chairman Powell stressed once again the bank\u2019s data dependence. Overall, we note an intensification in the market\u2019s expectations for the bank to start cutting rates in the September meeting after the release that may weigh on USD.<\/p>\n\n\n\n

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