Euro-zone Inflation Reaches 2% – EUR/USD Remains Depressed

Euro-zone inflation reaches 2% – EUR/USD remains depressed

No big surprises in euro-zone inflation: headline inflation continues rising, reaching 2% as expected. Core inflation remains stuck below 1%, with a third consecutive month at 0.9% y/y. PPI is up 0.7% m/m, above 0.6% expected. The unemployment rate is at 9.6%.

Yuan, rupee outlook sours on Fed interest rate hike bets: Reuters poll

The Chinese yuan and the Indian rupee are expected to weaken, although less than previously thought, reversing recent gains as rising chances of a U.S. interest rate hike this month boost the dollar, a Reuters poll found.

Foreign Currency Reserves of Venezuela Drop To US$10.5bn

Most people are well aware the financial situation in Venezuela is precarious. The country has been struggling with money for quite some time. Just two years ago, Venezuela had US$20bn in foreign reserves. Today, that number has almost halved.