Macro Morning

Advertisement

By Chris Becker

Last night saw the latest US CPI print come in on target but the USD fell again as oil prices weighed alongside the inability of the GOP Congress to get its low tax for the rich and screw everyone else bill off the floor. US stocks fell due to the energy sector dragging while European stocks continued to fall as the stronger Euro weighed on sentiment.

Today in Asia the economic print to watch is Aussie unemployment, which could drag the beleagured Pacific Peso down even further.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe