The European Central Bank has a monetary policy announcement on Thursday and many investors are wondering if euro will fall to the same fate as the Canadian and Australian dollars. Seven weeks later inflation is at a 10 year high. The Delta variant is wrecking havoc across the globe, leading to tightened restrictions and worries about more cases in the Fall.
Central bank meetings are creating more pain than gain for currencies this week. The RBA, BoC and ECB meetings are some of this week’s most important event risks. Over the past few months, central banks have grown increasingly distanced in their policy directions.
Jackson Hole is an important venue for Federal Reserve policies. At last year’s conference, Powell announced that…
Yesterday’s inflation data shocked the market with core CPI readings hitting a 26 year high as base effects, supply shortages and resurgence of demand created this biggest jump in price conditions in decades.