It's been a mildly risk-off start to the week with most share indices in the red, the dollar up and Treasury yields down a touch, though there was no obvious...
FILE PHOTO: A man walks past an electronic screen displaying the current Japanese Yen exchange rate against the U.S. dollar and other foreign currencies in TokyoIt's been a mildly risk-off start to the week with most share indices in the red, the dollar up and Treasury yields down a touch, though there was no obvious catalyst for the moves.
Geopolitics also loomed large, with the first U.S. presidential debate on Thursday and the first round of voting in the French election at the weekend. The core is seen slowing to a three-year low of 2.6% y/y, from 2.8%, with a range of 2.5% to 2.8%. The benign CPI/PPI reports have the market counting heavily on 2.6% or lower, so an upside surprise would really hurt.
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