Currencies: 0.25% technical correction in the dollar on the FOREX
The greenback's decline is very even, with -0.2% against the euro (which is back up to 1.0730), the pound and the Swiss franc; the yen is up +0.3%.
The dollar soared on Tuesday after the publication of the CPI (which came in at 3.9% annualized in core terms), while the probability of the Fed cutting rates for the first time next month plummeted to 8.5% from 76.9% a month earlier, and to 41% for the month of May, according to the CME Fedwatch survey.
In Europe, CVS industrial production rose by 2.6% in the eurozone and the EU between November and December 2023, according to Eurostat, the European Union's statistical office.
Industrial production rose by 20.5% for capital goods and fell by 1.2% for intermediate goods in the eurozone.
As a reminder, in November 2023, industrial production rose by 0.4% in the eurozone and by 0.5% in the EU.
The new estimate of eurozone GDP for the fourth quarter is identical to the initial figure, stagnating at around 0.00%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction