Source: Financial Times Germany’s central bank chief Jens Weidmann is set to step down just weeks ahead of the country’s general election. EWG is up 0.09%. Weidmann, one of the vocal critics of the European Central Bank’s ultra-loose monetary policy, decided to step down after a decade in his post.Weidmann said he believes that over a decade is a “good time” to start a … [Read more...] about German Central Bank Chief Jens Weidmann Steps Down
Forex News
Inflation Likely to Persist, The Biggest Threat to U.S. Markets Says Paul Tudor Jones
Source: CNBC Billionaire hedge fund manager Paul Tudor Jones suggests that inflation is likely to stay, posing a major risk to the U.S. markets and economy. DXY down -0.12, EUR USD up +0.12% On CNBC’s “Squawk Box,” Jones stated that the number one issue facing Wall Street investors is inflation, and it is clear that inflation is not transitionary.Jones stated that the … [Read more...] about Inflation Likely to Persist, The Biggest Threat to U.S. Markets Says Paul Tudor Jones
Japanese Yen Slips to Four-Year Low as Treasury Yields Soar
Source: Reuters The Japanese yen slipped to a four-year low against the dollar on Wednesday, as the benchmark Treasury yields climbed to a five-month high. JPY is down 0.11%. The dollar appreciated against the Japanese currency to as high as 114.585 yen, the first time it hit the level since November 2017.The 10-year Treasury yields climbed to a fresh five-month high at … [Read more...] about Japanese Yen Slips to Four-Year Low as Treasury Yields Soar
Inflation in Euro Area, EU Climb for Third Straight Month
Source: Eurostat Annual inflation in both the Euro area and the European Union climbed for the third straight month in September, driven mainly by the significant increase in energy prices. EZU is down 0.18%. Euro area annual inflation stood at 3.4% in September, up from 3.0% in August and -0.3% in September 2020.EU inflation clocked in at 3.6%, up from 3.2% the past … [Read more...] about Inflation in Euro Area, EU Climb for Third Straight Month
German Producer Prices Surge by 47-Year High in September
Source: Destatis German producer prices for industrial products increased by a 47-year high in September, driven mainly by the hike in energy during the month. EWG is flat on premarket. Producer prices climbed by 14.2% in September from the previous year, up from the 12.0% in August and the -1.0% the same month last year.The latest reading is the fastest pace of increase … [Read more...] about German Producer Prices Surge by 47-Year High in September
