All articles tagged with #holiday trading
Mortgage rates slightly increased but remain near two-week lows, with little change despite global monetary policy speculation. The upcoming week is expected to be unpredictable due to holiday trading, and clearer direction will depend on upcoming economic reports in January.
The US dollar dipped after the PCE report, with the month-over-month core PCE reading closer to +0.2% than +0.4%. Despite a prior revision, the year-over-year reading captured core inflation at +2.5%. The dollar fell 15-20 pips across the board, possibly due to the lower unrounded number, relief over inflation not being higher, or holiday market randomness. USD/JPY also fell, potentially reflecting concerns about intervention from the Japanese ministry of finance. Holiday trading continues with upcoming speeches from Fed's Daly and Fed Chair Powell.