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Data showing stubborn inflation in the U.S and the hawkish central bank commentary it triggered, dictated U.S. Dollar's movements through most of the week ended February 17. Market movements in other currencies too were dominated in some way or the other by sentiment surrounding the respective central bank's inflation combat and the expectations thereof. Anxiety ahead of the release of the U.S. CPI data and geopolitical tensions lifted the Dollar at the commencement of the week. Amidst expectations that the annual CPI in January would fall to 6.2 percent from...

The updates on inflation and the response of central banks tasked with taming it, shaped currency market sentiment for much of the week ended December 16. Inflation readings were released from the U.S., Euro Zone, U.K., Germany, France, etc., whilst the Federal Reserve, European Central Bank, Bank of England, Swiss National Bank etc., announced interest rate hikes.Markets began last week with heightened anxiety over how much cooler, inflation would be in the U.S. and major economies. It responded to the data showing easing price-pressures by building up expectations of a...