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Week Ahead – US inflation report coming up as dollar storms higher
video The spike in US yields this week gave the dollar a boost, but the longevity of this recovery will be decided by the next edition of US inflation. According to the Cleveland Fed Nowcast model, there is some scope for an upside inflation surprise, which would be a blessing for the dollar. Aside from this release, there isn’t much else that can disturb the waters next week. Dollar shines ahead of inflation test Global markets are still reeling from the aftershocks of the US credit downgrade. Coupled with the Treasury’s announcement that it will be increasing its bond issuance in the coming months, these ... (full story)