Dollar gains dominated the European morning on Wednesday after Fed Dudley’s hawkish comments overnight
SGM-FX Thu 2 Mar 2017
Dollar gains dominated the European morning on Wednesday after Fed Dudley’s hawkish comments overnight and the Euro dipped to below 1.0550 against the US currency, although rising German yields eased net selling pressure to some extent.
German consumer process rose 0.6% in February with the annual inflation rate rising to 2.2% from 1.9% previously and this was the highest rate for over four years.
With German unemployment continuing to decline, there will be expectations of higher wage settlements which could also unsettle the Bundesbank and increase pressure for a tighter monetary policy.
Related Insights
Daily Brief – Gold and Silver
Humphrey Percy
Wed 4 Feb 2026
Gold and Silver Due to the vertiginous moves in both these precious metals all markets are more than usually fixated on the price action at present. Yesterday, both steadied and clawed back some of the recent losses with Gold rising almost 6% and Silver 10% to USD 4921, and USD 86.70 respectively at the time […]
Daily Brief – US Consumer Price Inflation
Humphrey Percy
Mon 16 Feb 2026
US Consumer Price Inflation With January CPI coming in at 0.2% and annual inflation at 2.4%, the Federal Reserve will not be feeling undue pressure to cut interest rates for the time being. With inflation expected to increase this year as tariffs feed through and the effects of a depreciating USD are felt, despite the […]
Daily Brief – Alphabet
Humphrey Percy
Fri 13 Feb 2026
Alphabet Funding and funding AI development has never been easier. Alphabet parent of Google sought USD 20 billion this week by way of a bond issue to fund its AI push and the maturity was set at 100 years. Despite the size and the length of the maturity, the bond issue attracted a staggering USD […]
