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Daily digest market movers: All comes into play for USD

ia7145
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  • The Import and Export Price Indexes data for March is due 12:30 GMT:  
    • The monthly Export Price Index is expected to increase 0.3%, down from  0.8% a month earlier. . 
    • The monthly Import Price Index is expected to grow 0.3%, steady from the previous month. 
  • The University of Michigan preliminary numbers for April will be released at 14:00 GMT:
    • Consumer Sentiment is expected to decline a touch to 79 from 79.4.
    • Inflation expectations were at 2.8% previous, with an uptick expected after the recent Consumer Price Index (CPI) numbers.
  • Three US Federal Reserve Speakers take the stage later on Friday:
    • At 17:00 GMT, Federal Reserve Bank of Kansas City President Jeffrey Schmid will deliver a keynote speech.
    • Around 18:30 GMT, Federal Reserve Bank of Atlanta President Raphael Bostic delivers a speech on the Housing Crisis.
    • Finally, at 19:30 GMT, Federal Reserve Bank of San Francisco President Mary Daly will participate in a debate at a Fintech Conference.
  • European equities are jumping higher, with the inverse correlation in EUR/USD. Both the Dax and Stoxx 50 are up over 1%. US Futures are still looking for direction with hesitant buyers. 
  • The CME FedWatch Tool prices in a 93.4% probability of no changes in the policy rate for May 1. For now, odds are the highest for September 18 with a 44.7% chance of a first rate cut against 28.5% for an unchanged stance.
  • The benchmark 10-year US Treasury Note trades around 4.54%, retreating a touch after hitting 4.59% overnight on Thursday. 



Edited 14 Apr 2024, 12:08

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