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Dollar treads water ahead of CPI, tariffs remain in focus - REUTERS

JANUARY 15, 2025

By 


Summary

  • Investors await CPI data on Wednesday
  • Euro in positive territory, yen weakens
  • Fiscal worries sill weigh on pound

Jan 14 (Reuters) - The dollar weakened against the euro on Tuesday but stayed near its highest level in more than two years as cooler-than-expected inflation data following last week's strong jobs report made it hard to project the Federal Reserve's next moves on interest rates.
Data showed U.S. producer prices increased moderately in December. Investors had already started to scale back bets on rate cuts as potential U.S. tariffs remained in the spotlight.

MARKET NEWS

January 15 IEA Expects Oil Demand Growth to Accelerate But Still Projects Surplus -- 2nd Update - WSJ January 15 CBN fines 9 banks N1.35bn for failing to dispense cash via ATMs - VANGUARD January 15 South African rand firms ahead of US consumer inflation data - REUTERS January 15 Rupee rebounds to post best day in over 7 months; US inflation data in focus - REUTERS January 15 Naira depreciates to N1,660/$ in parallel market - VANGUARD January 15 Naira fall takes $310bn toll on economy - BUSINESSDAY January 15 Kenyan shilling steady against dollar, LSEG data shows - REUTERS January 15 Nigeria Inflation Rate at Near 29-Year High Before Data Overhaul - BLOOMBERG January 15 Yuletide: CBN fines nine banks N1.35bn for ATM cash scarcity - PUNCH January 15 Pound holds firm as cooler inflation print spurs investor relief - REUTERS January 15 FX appetite triggers 79.4% rise in mutual funds assets to N3.8trn - VANGUARD January 15 Nigeria’s inflation surged to 34.80 % erasing hopes for rate cut - BUSINESSDAY January 15 Ugandan shilling draws support from commodity flows - REUTERS January 15 Nigeria received N50tn from crude oil in 2024 - DAILY POST January 15 Nigeria Inflation Rises for Fourth Month in a Row in December - REUTERS January 15 Customs exceed revenue target, rake in N6.1tn - PUNCH January 15 Yen firms on BOJ talk, sterling calmer on CPI, but US data still to come - REUTERS January 15 Customs collects N6.1trn revenue in 2024, targets N8trn in 2025 - DAILY TRUST January 15 Dollar treads water ahead of CPI, tariffs remain in focus - REUTERS January 15 Turmoil in bond markets sees investor interest in gilts ramp up - YAHOO FINANCE January 15 U.K. Borrowing Costs Ease Amid Signs of Stabilization -- 2nd Update - WSJ January 15 Interest rates: even good US inflation figures have no effect - CERCLE FINANCE January 15 ‘Agreement renewal will boost Nigeria/Taiwan’s $400m trade’ - DAILY TRUST January 15 Here’s what to know as Ethiopia rings first Exchange bell in over 50 years - BUSINESSDAY January 15 Traders Target Rare Gap in Fed-ECB Path to Lift Credit Gains - BLOOMBERG January 15 South African rand recovers from nine-month low - REUTERS January 15 Dollar softens ahead of CPI, tariffs remain in focus - REUTERS January 15 Customs revenue hits N6trn in 2024 - BUSINESSDAY January 15 Dollar strength reminds Wall Street 'US exceptionalism' isn't isolationism - REUTERS January 15 Holding of dollar provides hedge against naira depreciation – Ebo - BUSINESSDAY

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