XE Market Analysis: Dollar Strengthens as Inflation Jumps

OVERVIEW Fed Chair, Janet Yellen, signaled yesterday that the central bank could raise rates at its next meeting as all meetings are “live”, leaving an optimistic note on the economy in testimony to Congress. BoJ Governor, Kuroda, said he now has plans to raise the central bank’s bond yield targets, despite global yields rising as inflation “remains distant from our 2% target”. South African inflation slowed more than expected in January with CPI rising 6.6% year-on-year, down from 6.8% in December. HIGHLIGHT

Source: XE news feed
XE Market Analysis: Dollar Strengthens as Inflation Jumps