- March’s US Retail Sales increased by 0.7% MoM, exceeding estimates of 0.4%. This shows an increase of 2.1% in Q1 2024 compared to last year's first quarter, an indication of consumer strength.
- Retail Sales in the control group jumped from 0.3% in February to 1.1% MoM in March, crushing forecasts of a 0.4% expansion.
- Geopolitical tensions in the Middle East would likely weigh on the Mexican currency. USD/MXN traders must be aware that any escalation could prompt traders to ditch the Mexican Peso and buy US Dollars.
- Following the data release in the US, Treasury yields surged more than 10 basis points (bps) in the belly and long end of the yield curve. That underpins the Greenback, which, according to the DXY, is up a modest 0.09% at 106.17.
- New York Fed President John Williams said that his baseline scenario projects rate cuts “will likely start this year.” He thinks the policy is restrictive, adding that strong fundamentals are driving consumer spending.
- Data from the Chicago Board of Trade (CBOT) suggests that traders expect the fed funds rate to finish 2024 at 4.975%.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
