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Evidence that oil prices feed into core inflation is quite limited

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Stephen Miran, Federal Reserve (Fed) Governor, said that it’s too early to have firm views about the impact the conflict in Iran will have onto the economy in an interview with Bloomberg TV on Wednesday.

Key takeaways

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.19% -0.05% -0.30% -0.02% -0.13% -0.40% -0.09%
EUR 0.19% 0.14% -0.11% 0.18% 0.06% -0.21% 0.10%
GBP 0.05% -0.14% -0.27% 0.03% -0.08% -0.35% -0.04%
JPY 0.30% 0.11% 0.27% 0.30% 0.19% -0.09% 0.23%
CAD 0.02% -0.18% -0.03% -0.30% -0.11% -0.38% -0.08%
AUD 0.13% -0.06% 0.08% -0.19% 0.11% -0.27% 0.03%
NZD 0.40% 0.21% 0.35% 0.09% 0.38% 0.27% 0.30%
CHF 0.09% -0.10% 0.04% -0.23% 0.08% -0.03% -0.30%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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Source: https://www.fxstreet.com/news/feds-miran-evidence-that-oil-prices-feed-into-core-inflation-is-quite-limited-202603041343

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