Category forex

Turkey Inflation Slows to 31.7%

Turkey's July inflation slows to 31.7% year-on-year Turkey's Consumer Price Index slowed to 31.7% year-on-year in July from 32.1% in June. The slowdown masks strong underlying price momentum, with smoothed headline and core inflation above 2% month-on-month.

Yen Gains Limited Against Dollar

Japanese yen gains against USD to remain limited TD Securities strategists argue that recent Japanese Ministry of Finance interventions have not changed the broader USD/JPY regime. They see momentum allowing a brief dip toward 153.00, but expect the pair to hold above