U.S. Economy - Results from #140

12 April 2023 Pound to Dollar Rate Rises on U.S. Inflation Fall

Stocks rose and the Dollar retreated after U.S. inflation fell at a faster rate than investors were anticipating in March.

07 April 2023 U.S. Payroll Report Sets GBP/USD Back

The Pound to Dollar exchange rate further reversed some of the week's gains in Good Friday trade after non-farm payrolls figures cast the U.S. labour market in a resilient light but also confirmed …

30 March 2023 Dollar on the Backfoot as Jobless Claims Point to "Substantial" Increase in U.S. Unemployment Ahead

The Dollar lagged major peers as investors bet banking sector woes have passed and U.S. labour market data pointed to an increase in joblessness ahead.

14 March 2023 Dollar Claws Back Some Ground Following U.S. Inflation Data Showing the Fed's Job is Not Yet Done

Dollar exchange rates were unable to recoup losses on Tuesday after U.S. inflation came in largely as expected, even if the Core CPI inflation reading was somewhat hotter than expected.

10 March 2023 GBP/USD Tops 1.21 as Red-hot U.S. Jobs Report is Tempered by Softer Wage Figures

The Dollar was softer after the U.S. economy created over 300K jobs but the rate of increase in wages was softer than the consensus was anticipating.

03 March 2023 U.S. ISM Report is the Latest in a String of Positive Data Runs

The Dollar rebounded ahead of the weekend after a key survey of the U.S. economy came in stronger than markets were expecting.

14 February 2023 Pound to Dollar Rate Deflates Amidst Volatile Reaction to U.S. Inflation Data

The Dollar went higher in the immediate aftermath of the release of data showing U.S. inflation picked up in January, defying the Federal Reserve's best efforts to bring an end to historically elev…

03 February 2023 Pound Under Renewed Pressure as Markets Balk at Hot U.S. Data

GBP came under significant pressure against the EUR and USD ahead of the weekend following the release of surprisingly strong U.S. Data.

03 February 2023 Dollar Roars Back on Bumper Jobs Report

The Pound to Dollar exchange rate's losses deepened ahead of the weekend after a surge in U.S. non-farm payrolls sent currencies like Sterling and the Euro tumbling while forcing investors to look …

26 January 2023 U.S. GDP Beats Expectations

The Pound to Dollar exchange rate remained buoyant around the 1.24 level on Thursday after official figures painted the world's largest economy into a picture of rude health that could have implica…

12 January 2023 GBP/USD Exchange Rate Rallies on U.S. Inflation Release

The Dollar retreated against the Pound and other major currencies after data reaffirmed that U.S. inflation had peaked and was in the process of slowing, keeping alive expectations the Federal Rese…

06 January 2023 Dollar Retreats from Highs against Euro and Pound Following Jobs Report

The Dollar pared some of its recent advances after data showed U.S. wage growth was softer than expected in December, however, support was offered by a stronger-than-expected increase in jobs.

05 January 2023 GBP/USD Frustrated by Fed and Robust Jobs Data

GBP/USD is under pressure amidst signs the Federal Reserve might have to raise interest rates to 5.4% amidst ongoing strength in the U.S. labour market.

13 December 2022 U.S. Inflation Surprise Wounds the Dollar

The Federal Reserve will feel justified in slowing down the pace it raises interest rates after U.S. inflation roundly underwhelmed expectations in November.

07 December 2022 Pound to Dollar Rate in Attempted Recovery of 1.22 after U.S. Labour Data

The Pound to Dollar exchange rate made another attempt at recovering above 1.22 in midweek trade after official data suggested growth in U.S. employment costs moderated last quarter and that produc…

01 December 2022 Dollar's Losses Deepen on Fresh Signs U.S. Inflation is Cooling

The Pound to Dollar exchange rate rose to some of its highest levels for almost months when climbling back above 1.22 and approaching the 1.23 handle in a rally that built further following the rel…

16 November 2022 U.S. Retail Sales: Flashback to the Start of the 2008-2009 Recession

U.S. retail sales were significantly higher than expected in October, but there are signs this spending is being funded by an increasing debt burden that offers flashbacks to behaviour that precede…

10 November 2022 Dollar Plummets on Signs U.S. Inflation has Finally Peaked

GBP leapt 2.0% against the U.S. Dollar following the release of U.S. inflation data that was softer across the board.

04 November 2022 Dollar Retreats against Pound and Euro in Wake of U.S. Jobs Report

USD a percent against GBP and 1.20% against EUR following the release of U.S. labour market data that, while still strong, confirmed a trend of slowing employment gains and wage growth.

02 November 2022 Summers: A Fed Pivot Would be Disastrously Premature

Advice that the Fed should consider ending its rate hiking cycle "is badly misguided" says Larry Summers.