NZ dollar heading to a weekly 0.8% decline, eyes on US
15 July, 2017, 17:48 | Author: Leticia Walters
The US dollar declined against its major counterparts in the European session on Friday, as US inflation turned flat in June and retail sales unexpectedly decreased for the second consecutive month, dampening expectations for faster rate hike by the Federal Reserve.
The U.S. consumer price index increased 1.6 percent, the smallest gain since October 2016, after rising 1.9 percent in May, the Labor Department said. Core CPI, the measure that excludes volatile energy and food products, remained steady at 0.1% on a monthly basis, falling short of the forecasted 0.2%.
Core CPI increased at an annualized rate of 1.7% in June, in line with consensus and the previous month's increase.
US retail sales unexpectedly decreased for the second consecutive month in June.
US 10-year yield fell to 2.303 percent, from 2.348 percent late on Thursday.
US crude slipped 0.15 percent to $46.02 a barrel, after rising 1.3 percent on Thursday. Economists are expecting a quarterly rise of 0.2 percent for annual inflation to be running at 1.9 percent.
Food prices were unchanged on the month while energy prices fell 1.6% with a fifth successive decline in fuel oil prices. Market participants said the lack of spending from US shoppers made it hard to envision inflation approaching the Fed's 2% target.
The dollar index, was down 0.62% to 95.14 after earlier falling to 95.132, its lowest since September 2016.
Final data from the Ministry of Economy, Trade and Industry showed that Japan's industrial production declined more than estimated in May.
Before this week, investors had been selling bonds, driven largely by anxiety that an improving global economy may allow major central banks outside of the U.S.to scale back on stimulus efforts that have helped lift asset prices since the financial crisis.
At 10:12 a.m. EDT (1412 GMT), federal funds futures implied that traders saw a 53-percent chance the Federal Reserve would raise key overnight borrowing costs by at least a quarter point at its December 12-13 meeting, down from about 55 percent at Thursday's close, according to CME Group's FedWatch program.
Meanwhile, U.S. stock futures pointed to a mixed open.
The kiwi was battered early in the week by disappointing domestic data but gained sharply toward the end of the week amid speculation the Reserve Bank may be more inclined to hike interest rates in the face of increases and bullish talk from other central banks including the Bank of Canada. The S&P 500 .SPX gained 11.44 points, or 0.47 percent, to 2,459.27 and the Nasdaq Composite .IXIC added 38.03 points, or 0.61 percent, to 6,312.47. It is poised for a 4 percent gain this week.
The latest data is likely to trigger fresh doubts surrounding the inflation outlook and create renewed uncertainty surrounding potential further rate increases, although the Fed will see the steady rate of services-sector inflation as justifying their policy. It lost a half percent against the euro.
Even before today's report, real yields were declining, with the yield on a 10-year TIPS dropping from 0.66% to 0.58% in less than a week.
Oil rose 1 percent on Friday, boosted by lower US stockpiles, a slight slowdown in USA crude production and signs of increased Chinese demand, but trading was volatile as global supply remained strong.
Their situation attracted worldwide attention and Trump intervened to have them "paroled" into the country without visas. Trump, and we thank them for providing us visas to allow us to travel and attend the competitions", Qaderyan said.
About ESPN and esportsESPN has a long history of delivering live programming, coverage and content to esports fans. This year Evo is being held at the Mandalay Bay Hotel and Casino in Las Vegas, Nevada, USA.
Pierre-Emerick Aubameyang remains a Borussia Dortmund player after the Chinese Super League transfer window closed on Friday. But Chelsea just won't have it their way this summer as Liverpool, as reported by the Sun , enters the fray.
Police said both Dinardo and Kratz described Dinardo shooting Meo in the back and also shooting at Sturgis, who tried to flee. Weintraub said at a news conference on Wednesday, "I feel that we bought ourselves a little bit of time in charging Mr.
Holding Company from $7.00 to $11.00 and gave the company an "outperform" rating in a report on Monday, May 15th. Holding Company and gave the stock a hold rating in a research report on Saturday, May 13th.
Their average price target spell out an upbeat performance - a 4% and would give FIS a market capitalization of almost $30.71B. It worsened, as 38 investors sold FIS shares while 190 reduced holdings. 63 funds opened positions while 198 raised stakes.
The IIFA Awards that will be hosted on Saturday night, was tight and led to a hard time for some media persons. It is highly commendable that, in spite of the inclement weather, they went ahead and put up a super show.
United will offer the prolific centre-forward a new short-term deal despite officially releasing him back in June, per Haughton. Mourinho also said he wants to sign "one or two" more players this summer. "But we need one more to give us more options".
The India vs New Zealand Women's World Cup match is on Saturday, July 15 and live coverage is scheduled to start at 3 pm IST. India had lost against South Africa and Australia because of which this situation has come.
After losing out on Romelu Lukaku to Manchester United , Chelsea have been linked with making a move for Real Madrid frontman Alvaro Morata.
ZTE launches a $99 phone with a fingerprint sensor
On the imaging front, ZTE Blade Spark rocks 13MP rear camera and 5MP camera at the front for clicking selfies. Further, the device weighs around 173.4 grams, and it measures 6.14 x 3.06 x 0.38 inches.