Hawkish Fed speak boosts dollar across all the board

<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Ffundamental%2Fhawkish-fed-speak-boosts-dollar-across-all-the-board%2Femoya&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/facebook.png" border="0" alt="Facebook" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/twitter/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Ffundamental%2Fhawkish-fed-speak-boosts-dollar-across-all-the-board%2Femoya&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/twitter.png" border="0" alt="Twitter" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/email/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Ffundamental%2Fhawkish-fed-speak-boosts-dollar-across-all-the-board%2Femoya&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/email.png" border="0" alt="Email" /></a></p><ul>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%.  Heading into Thursday’s US inflation report, expectations are for headline CPI to rise from 3.0% to 3.3%, mainly due to base effects, but snapping a long streak of declines that has been in place since last August. Fixed income markets are growing confident that the September FOMC will support a rate pause.  The core readings are also expected to hold steady, but any hot surprises could keep the pressure on for a November hike.   "}]}" data-slate-node="element">Fed’s Bowman reiterates that more hikes might be need to bring down inflation</li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%.  Heading into Thursday’s US inflation report, expectations are for headline CPI to rise from 3.0% to 3.3%, mainly due to base effects, but snapping a long streak of declines that has been in place since last August. Fixed income markets are growing confident that the September FOMC will support a rate pause.  The core readings are also expected to hold steady, but any hot surprises could keep the pressure on for a November hike.   "}]}" data-slate-node="element">German Industrial Production fell to a 6-month low</li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%.  Heading into Thursday’s US inflation report, expectations are for headline CPI to rise from 3.0% to 3.3%, mainly due to base effects, but snapping a long streak of declines that has been in place since last August. Fixed income markets are growing confident that the September FOMC will support a rate pause.  The core readings are also expected to hold steady, but any hot surprises could keep the pressure on for a November hike.   "}]}" data-slate-node="element">US inflation data expected to support a September pause, but possible coin flip for the November meeting</li>
</ul>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%.  Heading into Thursday’s US inflation report, expectations are for headline CPI to rise from 3.0% to 3.3%, mainly due to base effects, but snapping a long streak of declines that has been in place since last August. Fixed income markets are growing confident that the September FOMC will support a rate pause.  The core readings are also expected to hold steady, but any hot surprises could keep the pressure on for a November hike.   "}]}" data-slate-node="element"><span data-slate-node="text">The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%. After a mixed jobs report (slower job growth pace but higher wages) this week is all about an inflation report that will probably show moderate price growth.  The focus for many traders is all about the end of tightening and this weekend’s Fed speak supported the higher for longer stance.  Fed’s Bowman noted that it will likely need to raise interest rates further to bring down inflation.  A New York Times article this morning reported that Fed’s Williams stated that the central bank’s work to cool the economy is almost done and that he expects rate cuts could happen next year.   </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%.  Heading into Thursday’s US inflation report, expectations are for headline CPI to rise from 3.0% to 3.3%, mainly due to base effects, but snapping a long streak of declines that has been in place since last August. Fixed income markets are growing confident that the September FOMC will support a rate pause.  The core readings are also expected to hold steady, but any hot surprises could keep the pressure on for a November hike.   "}]}" data-slate-node="element"><span data-slate-node="text">Heading into Thursday’s US inflation report, expectations are for headline CPI to rise from 3.0% to 3.3%, mainly due to base effects, but snapping a long streak of declines that has been in place since last August. Fixed income markets are growing confident that the September FOMC will support a rate pause.  The core readings are also expected to hold steady, but any hot surprises could keep the pressure on for a November hike.   </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"At the end of last week, the euro saw some volatility after the Bundesbank said domestic government deposits would not receive any interest, sparking a move into bills and other high-yielding markets.  This decision surprised many traders and could lead to significant outflows for German debt. "}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">At the end of last week, the euro saw some volatility after the Bundesbank said domestic government deposits would not receive any interest, sparking a move into bills and other high-yielding markets.  This decision surprised many traders and could lead to significant outflows for German debt.  Today’s disappointing German industrial production data also sent the euro lower as recession risks continue to rise.  Output continues to drop, falling to a 6-month low.  </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"At the end of last week, the euro saw some volatility after the Bundesbank said domestic government deposits would not receive any interest, sparking a move into bills and other high-yielding markets.  This decision surprised many traders and could lead to significant outflows for German debt. "}]}" data-slate-node="element" data-slate-fragment="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">The weekly EURUSD chart shows price is approaching key trendline support at 1.0930. If downward momentum accelerates, downside targets include the 1.0850 region followed by 1.07667 level.  To the upside the 1.1050 provides initial resistance followed by the 1.1135 level.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"At the end of last week, the euro saw some volatility after the Bundesbank said domestic government deposits would not receive any interest, sparking a move into bills and other high-yielding markets.  This decision surprised many traders and could lead to significant outflows for German debt. "}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/08/EURUSD_2023-08-07_08-52-23.png"><img loading="lazy" class="alignnone size-large wp-image-806860" src="https://www.marketpulse.com/wp-content/uploads/2023/08/EURUSD_2023-08-07_08-52-23-1024×507.png" alt="" width="700" height="347" srcset="https://www.marketpulse.com/wp-content/uploads/2023/08/EURUSD_2023-08-07_08-52-23-1024×507.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/08/EURUSD_2023-08-07_08-52-23-300×149.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/08/EURUSD_2023-08-07_08-52-23-768×380.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/08/EURUSD_2023-08-07_08-52-23-1536×761.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/08/EURUSD_2023-08-07_08-52-23.png 1835w" sizes="(max-width: 700px) 100vw, 700px" /></a></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"After a mixed jobs report (slower job growth pace but higher wages) this week is all about an inflation report that will probably show moderate price growth.  The focus for many traders is all about the end of tightening and this weekend's Fed speak supported the higher for longer stance.  Fed's Bowman noted that it will likely need to raise interest rates further to bring down inflation.  A New York Times article this morning reported that Fed's Williams stated that the central bank’s work to cool the economy is almost done and that he expects rate cuts could happen next year.   "}]}" data-slate-node="element">
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"After a mixed jobs report (slower job growth pace but higher wages) this week is all about an inflation report that will probably show moderate price growth.  The focus for many traders is all about the end of tightening and this weekend's Fed speak supported the higher for longer stance.  Fed's Bowman noted that it will likely need to raise interest rates further to bring down inflation.  A New York Times article this morning reported that Fed's Williams stated that the central bank’s work to cool the economy is almost done and that he expects rate cuts could happen next year.   "}]}" data-slate-node="element"><span>Stocks</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"US stocks are slightly higher following Friday’s selloff as Wall Street embraces a very solid earnings season, but the harsh reality that the US economy is still recession bound. As we get the last batch of earnings, so far 84% of the companies in the S&P 500 have provided results, around 80% have delivered topped market expectations."}]}" data-slate-node="element"><span data-slate-node="text">US stocks are slightly higher following Friday’s selloff as Wall Street embraces a very solid earnings season, but the harsh reality that the US economy is still recession bound. As we get the last batch of earnings, so far 84% of the companies in the S&P 500 have provided results, around 80% have delivered topped market expectations. Stocks are also surging alongside Treasury yields, which might prove difficult to continue if last week’s Treasury yield high is surpassed.  </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"US stocks are slightly higher following Friday’s selloff as Wall Street embraces a very solid earnings season, but the harsh reality that the US economy is still recession bound. As we get the last batch of earnings, so far 84% of the companies in the S&P 500 have provided results, around 80% have delivered topped market expectations."}]}" data-slate-node="element"><a href="https://www.marketpulse.com/wp-content/uploads/2023/08/yields-bb-aug-7-2023.jpg"><img loading="lazy" class="alignnone size-full wp-image-806861" src="https://www.marketpulse.com/wp-content/uploads/2023/08/yields-bb-aug-7-2023.jpg" alt="" width="736" height="531" srcset="https://www.marketpulse.com/wp-content/uploads/2023/08/yields-bb-aug-7-2023.jpg 736w, https://www.marketpulse.com/wp-content/uploads/2023/08/yields-bb-aug-7-2023-300×216.jpg 300w" sizes="(max-width: 736px) 100vw, 736px" /></a></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%.  Heading into Thursday’s US inflation report, expectations are for headline CPI to rise from 3.0% to 3.3%, mainly due to base effects, but snapping a long streak of declines that has been in place since last August. Fixed income markets are growing confident that the September FOMC will support a rate pause.  The core readings are also expected to hold steady, but any hot surprises could keep the pressure on for a November hike.   "}]}" data-slate-node="element">
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"At the end of last week, the euro saw some volatility after the Bundesbank said domestic government deposits would not receive any interest, sparking a move into bills and other high-yielding markets.  This decision surprised many traders and could lead to significant outflows for German debt. "}]}" data-slate-node="element" data-slate-fragment="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">