Inflation data the focus in Europe before the Fed later today

Forexlive - Dec 17th, 2024

Major currencies remain mostly stable, except for the Australian and New Zealand dollars, which have hit new lows for the year. AUD/USD has dropped 0.4% to 0.6311 after breaking key support levels, while NZD/USD is down 0.3% to 0.5735, the lowest since November 2022. Ahead of the FOMC meeting, broader markets are tentative, with equities steady and bond selling paused. Focus shifts to European inflation data, with the UK's figures being closely watched before the BOE decision. Expectations are for higher inflation, supporting a BOE rate pause, with a 93% probability of no change in rates. Future rate cuts remain uncertain, with higher inflation potentially affecting the pound. UK CPI for November is expected to rise, while Eurozone final figures are anticipated to have limited impact.

Currencies Aud Nzd Fomc Inflation Boe Uk Eurozone

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RATING

6.2

Moderately Fair

Read with skepticism

The article provides a brief overview of the current state of major currencies, market expectations, and upcoming economic data. It primarily focuses on financial market movements and economic indicators without citing any specific sources. While it is informative for those familiar with financial markets, it lacks depth in terms of sources and explicit transparency regarding the data mentioned.

Accuracy

The article appears to accurately describe market movements and upcoming events. However, there are no explicit sources or references provided to verify the information.

Balance

The article is largely factual and focused on market data, without any overt bias. However, it lacks a range of perspectives, as it primarily focuses on currency movements and market expectations.

Clarity

The article is generally clear and logically structured, with a neutral tone. It avoids emotive language and provides information in a straightforward manner.

Source quality

There are no specific sources cited in the article, which makes it difficult to assess the credibility and reliability of the information presented.

Transparency

The article does not disclose any conflicts of interest or affiliations, but it also lacks transparency in terms of where the information is sourced from.