mask Dollar gains as Mexico tariffs averted, boosting risk sentiment

11/ 06/ 2019

Dollar gains as Mexico tariffs averted, boosting risk sentiment

Daily Update - 11th June 2019

Yesterday’s Focus

  • JPY - Gross Domestic Product
  • USD - Consumer price index
  • GBP - Gross Domestic Product

Yesterday’s Explained

GDP growth showed some weakening across the latest 3 months, with the economy shrinking in the month of April mainly due to a dramatic fall in car production, with uncertainty ahead of the UK’s original EU departure date leading to planned shutdowns.

Jobs data on Monday showed a brighter outlook, with U.S. job openings falling slightly in April as hiring surged to a record high.

 

Today’s Market

  • GBP - Average Earnings Excluding Bonus & Including Bonus, ILO Unemployment Rate.
  • USD - Producer Price Index Ex Food & Energy

Today’s Focus

On Tuesday, from UK, employment and wage growth figures due out on Tuesday will also have a material impact on the Pound. From US, May wholesale inflation and consumer price numbers due out on Tuesday and Wednesday will also drive the Dollar. FED Chair Powell had spoken last week and the markets will look for any signs of softer inflation.