15 May 2023
The US Dollar gained 1.4% over the Euro, Yen and other currencies (the biggest gain since September); however, a number of world stock markets closed down on Friday (12/05/23), as US Consumer Sentiment (May) data fell to a 6-month low.
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12 May 2023
Investors expect the Federal Reserve will soon stop the upward trend of US interest rates as data emerged that Inflation managed to flatten and jobless claims rose. The US PPI (Apr.) rose 0.2% MoM, lower than the 0.3% economists had expected, and slowed to 3.2% YoY from 3.4% in the previous month.
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11 May 2023
US Inflation (Apr.) came in at 4.9% YoY, slightly lower than forecast at 5% YoY (0.4% MoM); while Core Inflation (which excludes volatile items such as food & energy) also slipped slightly at 5.5% YoY from 5.6% in the previous month.
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10 May 2023
Most market participants still seem to be holding back as reflected by US stock indexes that are flat again ahead of the release of US Inflation (Apr.) data tonight around 19.30 Western Indonesia Time (WIB), which is predicted to rise 0.4% MoM and 5% YoY; as well as a meeting between US political leaders to discuss the debt ceiling, which currently touches USD 31.4 trillion, before the threat of default becomes a reality as of June 1.
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9 May 2023
Global stock markets moved in positive territory and USD maintained a flat position on Monday trading (08/05/23) ahead of some important moments such as the US government's discussion with their parliament regarding the debt ceiling issue, as well as the awaited release of US Inflation data (Apr.) which will give an overview of the direction where the Federal Reserve's monetary policy will go forward.
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