July 13, 2023: US Inflation Plunges to 3% in June.

Inflation in the US recorded the lowest YoY increase in two years. Meta stock gained $28 billion in one day, and Nvidia stock achieved its highest closing in history. US indices closed with strong gains on Wednesday after June’s inflation rate recorded the lowest year-on-year increase over two years. Inflation data confirmed expectations that the

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July 12, 2023: Currencies, Stocks, and Oil Market Wrap

The dollar fell ahead of US inflation data. The dollar fell, hitting a two-month low on Wednesday, July 12, against other major currencies ahead of the release of US inflation data, while the British pound rose to a 15-month high on expectations that the Bank of England will continue to raise interest rates. USD/JPY: The yen

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