After a shutdown-induced delay, markets decided to see the glass half-full in September’s inflation report. Headline inflation advanced by less than expected to 3% (vs. 3.1% expected), but core inflation unexpectedly cooled to 3%. The US dollar weakened to end last week as investors became increasingly bullish about the prospect of rate cuts.
EUR/USD: the past year
From To
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business account manager on 020 7898 0500 or your Private Client Account Manager on 020 7898 0541.
