{"id":1232,"date":"2023-10-13T20:05:33","date_gmt":"2023-10-13T20:05:33","guid":{"rendered":"https:\/\/infundpros.com\/markets\/currencies\/dollar-lower-but-remains-elevated-after-u-s-cpi-release\/"},"modified":"2023-10-13T20:05:33","modified_gmt":"2023-10-13T20:05:33","slug":"dollar-lower-but-remains-elevated-after-u-s-cpi-release","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=1232","title":{"rendered":"Dollar lower, but remains elevated after U.S. CPI release"},"content":{"rendered":"
\n

Investing.com – The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the release of sticky U.S. inflation data awakened the prospects of another Federal Reserve interest rate hike this year.<\/p>\n

At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 106.222, just off Thursday’s high of 106.60, when the index registered its biggest one-day percentage jump since March.\u00a0<\/p>\n

U.S. CPI lifts chances of December Fed hike<\/strong><\/h2>\n

Headline grew at a faster-than-anticipated rate in September, data showed Thursday, potentially complicating the Federal Reserve’s upcoming policy decisions aimed at corraling elevated inflation.<\/p>\n

The consumer price index registered a rise of 3.7% on an annual basis, the same pace as in August, and rose by a larger-than-forecast 0.4% month-on-month. Economists had expected readings of 3.6% and 0.3%.<\/p>\n

This data stoked expectations that the is perhaps not yet done with monetary tightening, boosting the dollar, even with many officials pointing to the recent run-up in Treasury yields as lessening the need to further tighten financial conditions.\u00a0<\/p>\n

Markets are now pricing in about a 40% probability of a rate hike in December, versus a 28% chance before the report.<\/p>\n

The University of Michigan’s reading for October is due out later in the session, and traders will also be studying earnings from a number of major banks for clues about the health of the economy.<\/p>\n

Euro edges higher after French\/Spanish CPI data<\/strong><\/h2>\n

rose 0.1% to 1.0537, after a sharp drop during the previous session, with more inflation data emerging in the eurozone.<\/p>\n

climbed 4.9% on the year in September, while rose 3.5%, both still above the European Central Bank\u2019s medium-term target.<\/p>\n

ECB policymaker Francois Villeroy de Galhau repeated his view on Thursday that the central bank should keep its key interest rate at its current level – the highest in its 25-year history – for as long as necessary to ensure inflation returns back to its 2% goal.\u00a0<\/p>\n

More weak Chinese trade data<\/strong><\/h2>\n

rose 0.1% to 7.3078 after China’s for September shrank by 6.2% from a year earlier, while also declined by 6.2%, showing that the second-largest economy in the world remained in a difficult position.<\/p>\n

That said, these figures both contracted at a slower pace than the previous month, adding to recent evidence that the world’s second-biggest economy is stabilising.<\/p>\n

Elsewhere, rose 0.2% to 1.2193, rose 0.1% to 0.6319 and fell 0.2% to 0.5916.<\/p>\n

\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com – The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the…<\/p>\n","protected":false},"author":1,"featured_media":1233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-1232","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-currencies"},"yoast_head":"\nDollar lower, but remains elevated after U.S. CPI release | inFundPros<\/title>\n<meta name=\"description\" content=\"Investing.com - The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the release of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=1232\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar lower, but remains elevated after U.S. CPI release | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Investing.com - The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the release of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=1232\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-13T20:05:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/LYNXMPEB2M09C_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=1232#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=1232\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Dollar lower, but remains elevated after U.S. CPI release\",\"datePublished\":\"2023-10-13T20:05:33+00:00\",\"dateModified\":\"2023-10-13T20:05:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=1232\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Currencies\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=1232#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=1232\",\"url\":\"https:\/\/infundpros.com\/?p=1232\",\"name\":\"Dollar lower, but remains elevated after U.S. CPI release | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-10-13T20:05:33+00:00\",\"dateModified\":\"2023-10-13T20:05:33+00:00\",\"description\":\"Investing.com - The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the release of\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=1232#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=1232\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=1232#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dollar lower, but remains elevated after U.S. CPI release\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dollar lower, but remains elevated after U.S. CPI release | inFundPros","description":"Investing.com - The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the release of","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=1232","og_locale":"en_US","og_type":"article","og_title":"Dollar lower, but remains elevated after U.S. CPI release | inFundPros","og_description":"Investing.com - The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the release of","og_url":"https:\/\/infundpros.com\/?p=1232","og_site_name":"inFundPros","article_published_time":"2023-10-13T20:05:33+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/LYNXMPEB2M09C_L.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=1232#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=1232"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Dollar lower, but remains elevated after U.S. CPI release","datePublished":"2023-10-13T20:05:33+00:00","dateModified":"2023-10-13T20:05:33+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=1232"},"wordCount":413,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Currencies"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=1232#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=1232","url":"https:\/\/infundpros.com\/?p=1232","name":"Dollar lower, but remains elevated after U.S. CPI release | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-10-13T20:05:33+00:00","dateModified":"2023-10-13T20:05:33+00:00","description":"Investing.com - The U.S. dollar edged lower in early European trade Friday, but remained near the previous session\u2019s elevated levels after the release of","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=1232#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=1232"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=1232#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Dollar lower, but remains elevated after U.S. CPI release"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/1232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1232"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/1232\/revisions"}],"predecessor-version":[{"id":1234,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/1232\/revisions\/1234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/1233"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}