Yen Jumps As Ueda Says Rate Hike Being Considered And Soft CPI Helps UK Gilts
Summary
- The US dollar is little changed among the G10 currencies, but softer.
- The UK reported softer than expected consumer prices, but the timing of the data collection may have skewed the report.
- Today's North American focus is on the CPI.
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense