Chief Client Relationships Officer Responsible for the relationship with all our organization’s customers. I oversee the Customer Support and Customer Relationship Departments.

It was all about the US overnight. While the playbook was supposed to be “all quiet until the FOMC”, the fireworks began early with the release of much softer US CPI data.  The core rate of inflation increased at just 1.7 % on year, the fourth straight monthly deceleration and the slowest overall pace in two years.

  • The dollar index, which tracks the U.S. currency against a basket of six rivals, was slightly lower on the day at 96.915 (DXY) though above its overnight low of 96.323 plumbed after downbeat economic figures.
  • The Weak Dollar later reversed losses though, as FED’s Yellen said the inflation drop was transitory. The euro traded at $1.1220, after having hit a seven-month high of $1.1296. The dollar fetched 109.54 yen, not far from Wednesday’s eight-week low of 108.81 yen.
  • Overnight, U.S. stocks closed mixed on Wednesday. The Dow Jones Industrial Average closed in record territory at 21,374.56. The S&P 500 lost 0.10% while the Nasdaq Composite closed at 6,194.89, down 0.41%.
  • Crude oil prices were listless after having slumped nearly 4 % to their lowest close in seven months on Wednesday, on an unexpected large build in gasoline inventories.
  • Brent crude futures slipped another 0.4 % in early Asian trade to $46.83 per barrel, near a five-month low of $46.64 touched in early May.

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