ECB needs more rate hikes

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Source: Dukascopy Bank SA
The head of the Belgian Central Bank Pierre Wunsch has stated that the ECB has to increase the rate of its asset sales and continue with 0.50% percent base interest rate hikes to stop the stubborn Euro zone inflation.
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Fri, 14 Apr 2023 12:57:56 GMT

US Retail Sales boost USD

The US Dollar has spiked nearly 0.40% against peer currencies due to the publication of worse than expected US monthly Retail Sales data. US Retails Sales declined by 1.0% instead of the expected 0.4% and Core Retail Sales have decreased by 0.8% compared to the forecast -0.4%.

Mon, 17 Apr 2023 10:30:06 GMT

Dollar suffers major losses

During the last week, the US Dollar index booked weekly losses not seen since 2020. The USD decline has been attributed to the lower than expected US inflation data sets that were published during the week.

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