The U.S. dollar strengthened alongside a rally in oil prices, while equities and bond yields remained broadly stable. U.S. economic data released today, led by the CPI report, are expected to show modest inflation pressures, while tomorrow’s PPI will complete the near-term inflation outlook and inform Fed policy expectations.
The USD continues to be under pressure, oil prices are off, equity markets are rising while the US yields are slightly lower.
The USD and equity markets are hedging higher to startthe day, while oil prices are trading lower and treasury yields are mixed.
The USD starts the day slightly lower; equity and oil prices hedges higher while treasury yields are mixed.