A slip for the US dollar in thin pre-Tokyo trade this morning, this the catalyst:
- Trump's tariff team studying gradual hikes of 2 to 5% per month
- USD losing ground on the 'gradual' tariff story
Meanwhile from the Wall Street Journal, what's expected for the US inflation data due on Wednesday, January 15, 2025 at 8.30 am US Eastern time:
Headline back up to 2.9% ... that would be well above the Fed's 2% target. How much can a koala bear?
