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- US inflation expectations retreat towards late February lows
US inflation expectations retreat towards late February lows
US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, probe the US Dollar bulls as the figure drops back towards the lowest level in 11 weeks, flashed on Thursday.
That said, the latest print of the US inflation expectations appears 2.68% by the end of Monday’s North American session.
Amid the sustained fall in US Treasury yields, in contrast to the market’s inflation fears, the US dollar also fails to extend the north-run in the last few days. That said, the US Dollar Index (DXY) eased for the second consecutive day by the end of Monday’s trading, stepping back from the 20-year high marked on Thursday.
This makes today’s US Retail Sales for April, expected at 0.7% versus 0.5% prior, important to watch for near-term trade directions.
Read: Further pressure on central banks
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