US dollar holding above 90 after Governor Brainard speech
By Scott Andrews
MAY 12, 2021
The DXY has stabilised for now over 90 and Governor Brainard Speech brought some clarity on with him mentioning that employment and inflation are still far from their goals.
Key points of the speech:
- Risks remain from vaccine hesitancy, deadlier variants, and a resurgence of cases in some foreign countries.
- The latest jobs report is a reminder that the path of reopening and recovery—like the shutdown—is likely to be uneven and difficult to predict
- Basing monetary policy on outcomes rather than the outlook will serve us well.
Key points to consider for tonight’s data coming out at 20:30 GMT+8 time zone:
- US CPI m/m (%)
- 0.2% Forecast 0.6% Previous
- US Core CPI m/m (%)
- 0.3% Forecast 0.3% Previous
- US Core CPI y/y (%)
- 2.3% Forecast 1.6% Previous
- US CPI y/y (5%)
- 3.6% Forecast 2.6% Previous
US index 12 05 2021
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