Low inflation keeps range intact versus US Dollar – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes that Swiss inflation remains comfortably within the Swiss National Bank’s (SNB) price stability definition, with May Consumer Price Index (CPI) expected to stay subdued. This allows the SNB to keep rates at 0.00% for an extended period, even as markets price some tightening.…

United States Dollar Index gathers strength above 99.00 on US-Iran truce deal uncertainty

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.05 during the Asian trading hours on Monday. The DXY holds positive ground surrounding the US-Iran peace deal. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. Iranian Foreign Minister Abbas Araghchi said on Sunday that talks and message exchanges with Washington were ongoing, but stressed that…

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Economists said Milei would fail. Argentina’s numbers tell another story

When Javier Milei entered the race to be Argentina’s president, 108 notable economists said his policies could be a disaster. Three years later, the maverick president continues to prove them wrong. As Argentina’s new president in December 2023, Milei faced an ailing economy due to corruption, inflation, excessive money printing…

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