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Market Update 16/05/2024

Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX.
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Inflation in the US starts to show signals of cooling down after inflation inflation data for April.

The US April’s CPI rose by 0.3% MoM, down from March’s 0.4% core CPI, which excludes volatile items, dipped from 0.4% to 0.3% as expected. Retail Sales were unchanged in April, at 0% MoM, 

The Dollar was quickly sold in the aftermath of the weaker than expected results.

Australia’s Unemployment Rate posted 4.1% in April, compared with the expectations of 3.9%, Employment Change arrived at 38.5K in April from -6.6K in March, compared with the consensus forecast of 23.7K.

Economic data to watch out for.

• AU – RBA’s Hunter-Speech
• JP – Q1. GDP SA q/q
• EU – ECB Publishes Financial Stability Review
• AU – Apr. Unemployment Rate
• UK – BOE’s Greene Speaks
• EU – ECB’s Villeroy Speaks
• US – Apr. Industrial Production
• US – Apr. Philadelphia Fed Business Outlook
• US – May-11. Initial Jobless Claims
• US – Fed’s Mester, Bostic Speaks

Mid market rates.

Currency PairMid-market rate


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