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Stock impact report

Dollar sags after weak U.S. data, Turkey rate hike lifts emerging currencies [CNBC]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: CNBC
The dollar sagged on Friday after weaker-than-expected U.S. inflation data further burdened a currency already weighed down by signs of reduced trade tensions between the United States and China. Emerging currencies such as the South African rand and the Mexican peso held to gains after surging in relief after Turkey's central bank implemented a large increase in interest rates. The greenback took a hit overnight after the U.S. consumer price index (CPI), the government's broadest inflation gauge, rose just 0.2 percent in August and less than the 0.3 percent projected by analysts in a Reuters poll. The dollar also felt additional pressure as the euro gained after European Central Bank President Mario Draghi suggested on Thursday at a post-policy meeting news conference that low inflation was less of a worry. The dollar has sagged mainly due to the soft U.S. CPI. The euro's bounce also weighed on the dollar, but Draghi's views cannot be described as hawkish on the wh Show less Read more
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