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US inflation data boosts US Dollar as markets prepare for Retail Sales and UK GDP

US inflation data boosts US Dollar as markets prepare for Retail Sales and UK GDP

Here’s what you need to know on Thursday, May 14th. The US Dollar Index (DXY) climbed toward the 98.50 mark, hitting its highest point since late April. This surge followed better-than-anticipated data from the US Producer Price Index (PPI). In April, the headline PPI increased by 1.4% month-over-month, surpassing the expected 0.5%. The core PPI […]

My reasons for supporting the pause on data center development in my city

My reasons for supporting the pause on data center development in my city

Moratorium on New Data Center Construction in Cheyenne Cities and counties across the nation, including Cheyenne, Wyoming, are putting a hold on new data center constructions. There’s a petition circulating here, seeking a one-year grace period as the community considers the implications of such rapid development. Concerns about this issue aren’t new. For instance, there’s […]

GM agrees to pay $12.75 million after selling driver data from California

GM agrees to pay $12.75 million after selling driver data from California

California Fines GM for Privacy Violations If you’re one of those California drivers who has had a General Motors car—like a Chevrolet or Buick—over the years, here’s something you might find surprising: your driving data could have been sold without your consent. California just hit GM with a hefty $12.5 million fine for this privacy […]

US Dollar Index rises after strong US CPI data supports a tough Fed stance

US Dollar Index rises after strong US CPI data supports a tough Fed stance

The U.S. Dollar Index (DXY), which measures the dollar’s strength against a group of six major currencies, climbed to a five-day peak on Tuesday following stronger-than-anticipated inflation data from the U.S. This data seemed to reinforce the Federal Reserve’s hawkish stance. At that moment, DXY was trading around 98.38, reflecting an approximate 0.45% increase for […]

Japanese Yen weakens before US inflation data

Japanese Yen weakens amid Middle East uncertainty; official cautions about currency intervention

USD/JPY Developments Amid Geopolitical Tensions In the early European trading on Tuesday, the USD/JPY currency pair saw an increase, reaching around 157.55. Renewed geopolitical tensions in the Middle East have led to a rise in the value of the US dollar against the Japanese yen. Market participants are keenly awaiting the release of the US […]