US Core CPI MM, SA* (Aug) 0.3% vs. Exp. 0.2% (Prev. 0.2%); Unrounded 0.281% (prev. 0.1652%)

Reaction details (13:42)

In reaction to the above-forecast core CPI M/M

• 
  DXY rose from 101.43 to a session high of 101.71 before trimming to 101.60


• 
  USD/JPY rose from 141.75 to 142.32 before stabilising around 142.10.


• 
  UST Dec’24 fell from 115-20 to 115-04 before settling around 115-07.


• 
  US 10yr yield rose from 3.6217% to a session high of 3.6815% over four minutes.


• 
  XAU fell from USD 2,517.60 to a session low of 2,504.40.


• 
  ES Sep’24 fell from 5,497.50 to 5,472 before settling around 5,480.


• 
  NQ Sep’24 fell from 18,842 to 18,755 before settling around 18,800.

In terms of the reaction in Fed pricing:

• September -28.75bp (prev. -32bp)


• November bp -65.92bp (prev. -72bp)


• December -104.90bp (prev. -113bp)

11 Sep 2024 - 13:30- ForexData- Source: Reuters