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Dollar slips on cooler US inflation; yen fragile ahead of BOJ

FOREX-Dollar slips on cooler US inflation; yen fragile ahead of BOJ By Tom Westbrook SINGAPORE, June 13 (Reuters) - Asian currencies were firm on Thursday against a dollar knocked by softer-than-expected U.S. inflation, save for the yen which remained squeezed ahead of a Bank of Japan meeting and as U.S. policymakers signalled rates would be kept high for a while yet.
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US stocks hit record highs, dollar pares losses after CPI, Fed decision

GLOBAL MARKETS-US stocks hit record highs, dollar pares losses after CPI, Fed decision Updates to 4:06 p.m. EDT By Stephen Culp NEW YORK, June 12 (Reuters) - The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations.
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Wall Street holds gains, Treasury yields pare losses as Fed dampens rate-cut expectations

GLOBAL MARKETS-Wall Street holds gains, Treasury yields pare losses as Fed dampens rate-cut expectations Updates to 15:04 EDT By Stephen Culp NEW YORK, June 12 (Reuters) - U .S. stocks wavered but resumed their rally and U.S. Treasury yields pared earlier declines after the U.S. Federal Reserve left interest rates unchanged and lowered expectations for rate cuts this year.
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US recap: EUR/USD rise on soft US CPI tamed by hawkish Fed hold

BUZZ-COMMENT-US recap: EUR/USD rise on soft US CPI tamed by hawkish Fed hold USD/JPY-Recovers from CPI slide on hawkish Fed , BoJ and sales data now eyed AUD/USD- Bulls charge after CPI; Fed's SEP gave bears some life GBP/USD retests 1.28 as Fed raises bar to pre-election rate cut June 12 (Reuters) - The dollar tumbled in response to unexpectedly weak U.S.
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Sterling clears hurdle after soft US CPI surprise

BUZZ-COMMENT-Sterling clears hurdle after soft US CPI surprise June 12 (Reuters) - Cable rallied to a fresh multi-month high of 1.2860 on Wednesday after a downside surprise in the latest U.S. CPI figures, with the subsequent dovish repricing in U.S. rates -- once again fully discounting two cuts by the Federal Reserve -- aiding the move higher in GBP/USD.
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Wall St rallies, dollar drops after cooler US inflation; Fed in the wings

GLOBAL MARKETS-Wall St rallies, dollar drops after cooler US inflation; Fed in the wings Updates to 10:25 EDT By Stephen Culp NEW YORK, June 12 (Reuters) - U.S. stocks rallied and the dollar sank as cooler-than-expected inflation data fueled rate cut optimism, hours before the end of the U.S. Federal Reserve's monetary policy meeting. Benchmark U.S. Treasury yields were sharply lower after the Labor Department's closely watched CPI report showed core prices growing at their slowest annual pace i
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FX options wrap - Weak USD volatility pressure tamed by euro risk

BUZZ-FX options wrap - Weak USD volatility pressure tamed by euro risk Below-forecast U.S. CPI data reignited U.S. rate cut bets and weakened the USD as it allows the Fed more room to lean dovish on Wednesday. Overnight expiry implied volatility has been slow to ease from higher levels and highlights the potential for more FX volatility around the time of the Fed announcement at 1800 GMT.
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Dollar retreats as market braces for US inflation, Fed test

FOREX-Dollar retreats as market braces for US inflation, Fed test Updates at 1124 GMT By Samuel Indyk and Brigid Riley LONDON, June 12 (Reuters) - The dollar retreated on Wednesday from a four-week high reached the day before as markets awaited key U.S. inflation data, plus the Federal Reserve's policy decision and updated economic projections later in the day.
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Stocks firm, dollar dips ahead of Fed, inflation

GLOBAL MARKETS-Stocks firm, dollar dips ahead of Fed, inflation Updates prices at 1115 GMT By Stella Qiu and Amanda Cooper SYDNEY, June 12 (Reuters) - Global stocks rose on Wednesday, underpinned by positive sentiment in technology shares , while the dollar dipped ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the near-term outlook for interest rates.
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Sterling ekes out gain as investors look beyond soft growth figures

Sterling ekes out gain as investors look beyond soft growth figures By Samuel Indyk LONDON, June 12 (Reuters) - The pound edged higher on Wednesday even as data showed economic growth stagnated at the start of the second quarter, as analysts looked beyond one-off factors and still expected the economic recovery to gather pace in the coming months.
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Dollar bulls needs to overcome technical supply soon

BUZZ-COMMENT-Dollar bulls needs to overcome technical supply soon June 12 (Reuters) - Those that are bullish need the U.S. dollar to overcome thick technical supply in coming sessions once key risk events are out of the way. The dollar steadied on Wednesday after hitting a four-week high against peer currencies on Tuesday as market players awaited key U.S.
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FX reaction to U.S CPI and Fed, according to FX options

BUZZ-COMMENT-FX reaction to U.S CPI and Fed, according to FX options June 12 (Reuters) - FX volatility is an unknown, yet key part of an FX options premium so dealers use implied volatility as a stand-in. Any increase in implied volatility after the options expiry includes a major event will therefore reflect the additional FX volatility that dealers feel that event will generate.
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Liz Truss moment for France could guillotine euro

BUZZ-COMMENT-Liz Truss moment for France could guillotine euro June 12 (Reuters) - EUR/USD might sink to 1.00 if a government led by Marine Le Pen's National Rally (RN) takes power in France next month and upends the country's budget like the Liz Truss administration did in the UK. The probability of an RN-led government increased on Tuesday's call from Republicans (LR) chief Eric Ciotti for an alliance between his party's candidates and the RN.
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Rising volatility may trouble FX markets

BUZZ-COMMENT-Rising volatility may trouble FX markets June 12 (Reuters) - Option vols have picked up following a lengthy period of inactivity in currency markets which may leave those trading currencies badly hedged for their future movement. Unexpected moves tend to occur rapidly and can run far and the low levels of FX options vols this year imply little expectation for any movement.
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Stocks and dollar swagger ahead of Fed, inflation

GLOBAL MARKETS-Stocks and dollar swagger ahead of Fed, inflation Updates with comments, UK GDP data; refreshes prices at 0821 GMT By Stella Qiu and Amanda Cooper SYDNEY, June 12 (Reuters) - Global stocks rose on Wednesday, helped by positive sentiment in the technology sector, while the dollar held firm ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the near-term outlook for interest rates.
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Dollar pauses for breath as market braces for US inflation, Fed test

Dollar pauses for breath as market braces for US inflation, Fed test Updates at 0803 GMT By Samuel Indyk and Brigid Riley LONDON, June 12 (Reuters) - The dollar steadied on Wednesday after hitting a four-week high against peer currencies the day before as market players awaited key U.S. inflation data and the Federal Reserve's policy decision and updated economic projections later in the day.
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Dark clouds on the horizon for the dollar

BUZZ-COMMENT-Dark clouds on the horizon for the dollar June 12 (Reuters) - A big day for the dollar, fundamentally, and one that could add fuel to the current rally, but daily and weekly Ichimoku charts are highlighting downside risk. U.S. inflation data for May due later today. Economists polled by Reuters expect headline consumer price inflation to ease to 0.1% from 0.3% last month, and core price inflation to remain steady on the month at 0.3%.
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June Fed expectations from the major banks

BUZZ-COMMENT-June Fed expectations from the major banks June 12 (Reuters) - The U.S. Federal Reserve is widely expected to leave rates unchanged at 5.25% on Wednesday, but there are slight variations about the statement and outlook from some of the major banks. Barclays expects the FOMC statement will remain largely unchanged, reiterating that rate cuts are unlikely until there's confidence in sustained 2% inflation.
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Dollar stalls as market braces for CPI test, Fed outlook

FOREX-Dollar stalls as market braces for CPI test, Fed outlook Updates with current levels as of 0510 GMT By Brigid Riley TOKYO, June 12 (Reuters) - The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market players awaited key U.S. inflation data and the Federal Reserve's updated economic projections due later in the day.
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Sterling likely to remain resilient after the election

BUZZ-COMMENT-Sterling likely to remain resilient after the election June 12 (Reuters) - Sterling has remained resilient since May 22 when Prime Minister Rishi Sunak called the July 4 UK election . Markets appear comfortable with the prospect of a Labour government, with industry hoping for closer ties with the European Union to ease trade friction.
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