XE Market Analysis: Faster US Inflation Supports Rate Hike Concerns

OVERVIEW

  • US CPI above forecast in January as yields rise.
  • USD rises on inflation data but then fell on Russia memo concerns.
  • SA Rand rises as ANC put pressure on President Zuma.
  • Japan’s economy grew 0.1% in Q4, posting it as the longest continuous expansion since the 1980s. 
  • Eurozone Q4 GDP growth in line with expectations making industrial production stronger.

HIGHLIGHT