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Shares Jump, Dollar Falls After Cooler-than-expected U.S. Inflation

U.S. shares futures and government bonds jumped and the dollar fell on Thursday after inflation data came in cooler than expected, driving investor expectations the Federal Reserve will be able to temper its aggressive programme of rate increases. The yield on benchmark U.S. 10-year Treasuries dropped 23 basis points after the data to 3.9137%, S&P futures rose 3% and Nasdaq futures rose 4%. In currency markets the dollar sold off sharply, falling 1.75% against the rate sensitive Japanese yen to... Read More

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Jump

Dollar

Falls

After

Cooler

Than

Expected

Cooler than expected

Inflation

Forex

Posted: Nov 10 2022, 14:24

Author Name: vladimirribakov

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