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☆ My family of 5 always schedules 'home days' into our vacations to rest and reconnect. We bring board games, wear pajamas, and watch movies.
▼ + stars: | 2024-02-19 | by ( Tiffany Nieslanik | ) www.businessinsider.com time to read: +4 min

The kids often stay in their pajamas all day, and we’ll watch movies or cartoons together on and off. We also each bring a card game or small board game in our carry-on luggage. Tiffany Nieslanik's family brings card games along with them while they travel for their "home days." After every home day we’ve had, I see an increase in patience in all of us, which always makes traveling a better experience. Best of all, our kids remember our family trips with joy and are excited about where we might travel in the future.

Persons: We've, we’ve, Tiffany Nieslanik's, Tiffany, We’ll, I’ve, da Pena Locations: Iceland, Amsterdam, Portugal, Hawaii, London, Sintra

☆ 53-year-old early retiree moved his family from the U.S. to Portugal—here's why they're happier than ever
▼ + stars: | 2023-09-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Alex and Noki Trias retired early and moved to Portugal with their daughter in 2015. In February 2015, Alex Trias, 53, and his wife Noki took their daughter Evie on a vacation to Lisbon, Portugal, and never looked back. Alex and Noki Trias retired early and moved to Portugal with their daughter in 2015. Alex TirasJust two days into their Portugal vacation, the family started planning a move to Lisbon. Photo: Alex Trias

Persons: Alex, Noki Trias, Alex Trias, Noki, Evie, Trias, fanatically, Alex Tiras, It's Organizations: Washington , D.C, CNBC, Global Citizens Solutions Locations: Portugal, Lisbon, Washington ,, Bairro Alto, Old San Juan, Puerto Rican, Spain, Europe, U.S, Sintra

☆ Meet the families who are ditching America to travel abroad as digital nomads
▼ + stars: | 2023-09-28 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +16 min

At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.

Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, —, Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco

☆ European castles, private chefs, and a startup school: These families are ditching the US to live the American dream abroad
▼ + stars: | 2023-09-28 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +16 min

A view shows the placards of the political parties in front of the European Central Bank (ECB) building in Frankfurt, Germany, September 14, 2023. The central bank for the 20 countries that use the euro has already raised interest rates 10 times to record levels but inflation remains well above its 2% target. ECB President Christine Lagarde said last week that policymakers had not discussed the bond-buying schemes at their latest policy meeting. She described the PEPP as the ECB's "first line of defence" to preserve policy transmission - central bank jargon for bond market stability in the most indebted countries. Slovenian central bank governor Bostjan Vasle recently backed selling bonds bought under the ECB's older Asset Purchase Programme, which is less flexible than the PEPP.

Persons: Wolfgang Rattay, Christine Lagarde, Bostjan Vasle, Peter Kazimir, Catherine Evans Organizations: European Central Bank, REUTERS, Central Bank, Reuters, ECB, Thomson Locations: Frankfurt, Germany, Italy, FRANKFURT, Athens, Slovenian, PEPP, Sintra

☆ She texted her mom on vacation: ‘I’ve met my husband.’ Here’s what happened next
▼ + stars: | 2023-09-01 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

‘Like a movie’Here's Michael and Isis on the Puerto Rico vacation in 2018. I’m already having a good time with my friends,’” Michael tells CNN Travel today. Michael and Isis’ sister were part of the same extended friend group at college, so he was intrigued to meet Isis. But Isis’ sister was, at first, less convinced. The couple started talking about moving somewhere new together and settled on Dallas, Texas, where they moved in 2019.

Persons: Woods, Michael Bradford, ”, “, who’d, Atlanta , Georgia –, Isis, Isis –, unquote, Isis ’, Michael, Isis Bradford, I’m, ’, ’ ”, ” Isis, –, Michael didn’t, Michael’s, We’re, let’s, ” Michael, she’d, Here's Michael, She’d, he’d, they’d, Isis Bradford Isis, ” “ Organizations: CNN, Caribbean, Concha Renaissance San, Resort, CNN Travel, La Concha, Puerto Rico, Washington D.C, MGM, Vegas Locations: Puerto Rico, Atlanta , Georgia, Condado, La, San Juan, Puerto, Atlanta, Washington, loggerheads, Dallas , Texas, Michael’s, Sintra , Portugal, Las Vegas, “

☆ More single moms are taking long trips abroad with the kids — here's how they do it
▼ + stars: | 2023-08-23 | by ( Marylou Costa | ) www.cnbc.com time to read: +5 min

Two and a half years after Roni Dagan's husband died, she and her seven-year-old son, Gal, found solace in places far from home. Of her son Gal, Roni Dagan said: "It was difficult when he was younger, but … he's now super easy to travel with." Work, school and playDagan is part of a wave of single moms who are rediscovering themselves and reconnecting with their children through travel. It's a demographic Boundless Life hasn't specifically targeted, yet the trips — which include accommodations, coworking spaces, and schooling — are resonating with single moms and single dads. And that has to do with being a single mom, because [traditional] families stick together, and single moms are kind of left out," she said.

Persons: Roni Dagan's, Gal, Dagan, They've, Roni Dagan, …, there's, Elodie, Alison Lewis, O, Lewis, Catherine Chinatree, Sonny Organizations: CNBC Travel Locations: United States, India, Ibiza, Tel Aviv, Israel, Egypt, Red, Tanzania, Bulgaria, Greece, Italy, Portugal, Bali, U.S, Hawaii, Texas, Sintra , Portugal, Margate, Bangkok, Thailand, Malaysia, Vietnam, Singapore, Nepal

☆ Bank of England's next move divides economists as data paints a mixed picture
▼ + stars: | 2023-08-02 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Pool | ReutersLONDON — Market expectations are split over the Bank of England's next monetary policy move on Wednesday, as policymakers near a tipping point in their fight against inflation. The other 38% of market participants expect a second consecutive 50 basis point hike, after the central bank surprised markets with a bumper increase in June. watch nowThe British economy has proven surprisingly resilient, despite a run of 13 consecutive rate hikes from the Bank of England. "While core inflation surprised to the downside in June, services inflation momentum remains strong.

Persons: Andrew Bailey, Goldman Sachs, James Moberly, Ibrahim Quadri, Jari Stehn, BoE, Goldman, —, Abbas Khan, Mariano Cena, Silvia Ardagna, Matthew Swannell, Paul Hollingsworth, Andrew Bailey's Organizations: Bank of England, Press, Bank of, Monetary, British Retail Consortium, MPC, Fed, ECB, U.S . Federal Reserve, European Central Bank, PMI, Bank of England's, Barclays, BNP Paribas Locations: London, Britain, Sintra

[1/5] An elderly woman leaves her house as a wildfire approaches, in Cascais, Portugal, July 25, 2023. REUTERS/Pedro NunesCASCAIS, Portugal, July 25 (Reuters) - Aided by local residents, hundreds of Portuguese firefighters scrambled on Tuesday to put out flames sweeping across a natural park near the popular holiday destination of Cascais, with strong winds complicating efforts to tackle the blaze. Backed by 189 vehicles, more than 600 firefighters were brought in after the fire erupted. "They (firefighters) do what they can," said Miguel Medeiros, a local resident who has helped fight the flames. EU data shows Portugal, which has so far escaped the recent heatwave causing deaths and destruction across southern Europe, is usually one of the bloc's worst-hit countries by wildfire.

Persons: Pedro Nunes CASCAIS, Ines Figueiredo, Cascais Carlos Carreiras, Miguel Medeiros, Catarina Demony, Miguel Pereira, Pedro Nunes, Rosalba O'Brien Organizations: REUTERS, Thomson Locations: Cascais, Portugal, Sintra, Lisbon, Europe, China, United States

☆ CNBC Daily Open: Prepare for higher rates
▼ + stars: | 2023-07-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. More hikes, but slowerAlmost all Federal Reserve members expect more interest rate hikes at upcoming Federal Open Market Committee meetings, according to minutes of June's meeting. Scientists warn that 2024 could be the first year the planet's temperature rises 1.5 degrees Celsius above pre-industrial levels. The release of Threads seems timely — Twitter recently limited the number of posts users can view per day, drawing complaints from many Twitter users.

Persons: Jerome Powell Organizations: Federal Reserve, Central Bank, Central Banking, CNBC, Treasury, University of Maine's, El, Twitter Meta, Twitter, Big Tech, Bank of America Locations: United States, Sintra , Portugal

☆ Inflation blame game: UK economic woes set government and central bank on a collision course
▼ + stars: | 2023-07-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey. Meanwhile, economic growth has all but stagnated and public debt has surpassed 100% of gross domestic product for the first time since March 1961. "What is perhaps surprising is that the energy shock in the U.K. was larger than in most of mainland Europe." In a recent CNBC-moderated panel at a monetary policy forum in Sintra, Portugal, Bailey noted that the U.K. labor force is unique in remaining below its pre-Covid levels. Thanos Papasavvas, founder of ABP Invest, also alluded to the unique susceptibility of the U.K. to high inflation, but said the Bank of England should have been alive to this far earlier.

Persons: Sunak, Andrew Bailey, STEFAN ROUSSEAU, Rishi Sunak, Shaan Raithatha, CNBC's, We've, they've, Raithatha, we've, Richard Flax, Panmure Gordon, Simon French, Bailey, it's, Brexit, Catherine Mann, It's, Panmure Gordon's, French, Thanos Papasavvas Organizations: Bank of England, Getty, Sunak's Conservative, The Bank of, Vanguard, CPI, CNBC, Bank, Monetary, Committee, Panmure, ABP Invest Locations: The Bank of England, U.S, Ukraine, Europe, Moscow, Sintra , Portugal, U.K, British

☆ Analysis: Bond markets reckon a central bank policy error is on the cards
▼ + stars: | 2023-07-03 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

"We are positioned for a very big bond rally, and we think that risky assets are completely underestimating the risk of a recession or something nasty happening," he added. (.MERW0G1)An early sign that the bond outlook is improving came last week with data showing euro zone business growth stalled in June. In response, German bond yields, which move inversely to prices, posted their second biggest daily drop since March. But highlighting how hard economic data has become to read, higher-than-expected U.S. first quarter growth and German inflation sent yields surging on Thursday. Major central banks fighting a surge in inflation have collectively raised borrowing costs by over 3,750 bps since September 2021.

Persons: Jason Reed, Mike Riddell, Viraj Patel, Vanda's Patel, BoE, Urban, Jill Hirzel, Dhara Ranasinghe, Harry Robertson, Catherine Evans Organizations: U.S . Federal, REUTERS, Bond, U.S, Federal Reserve, European Central Bank, Bank of England, Reuters, Allianz Global Investors, Vanda Research, Deutsche Bank, General Investment Management, Insight Investment, Thomson Locations: Washington, hawkish, Canada, Britain, Norway, Sintra, Germany, United States, U.S

☆ At the Front Lines of the Inflation Fight, Uncertainty Reigns
▼ + stars: | 2023-07-01 | by ( Eshe Nelson | ) www.nytimes.com time to read: 1 min

When prices started to take off in multiple countries around the world about two years ago, the word most often associated with inflation was “transitory.” Today, the word is “persistence.”That was uttered repeatedly at the 10th annual conference of the European Central Bank this week in Sintra, Portugal. “It’s been surprising that inflation has been this persistent,” Jerome H. Powell, the chair of the Federal Reserve, said. “We have to be as persistent as inflation is persistent,” Christine Lagarde, the president of the European Central Bank, said.

Persons: “ It’s, ” Jerome H, Powell, “, ” Christine Lagarde Organizations: European Central Bank, Federal Reserve Locations: Sintra , Portugal

☆ The next revolution in monetary policy is underway
▼ + stars: | 2023-06-30 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

LONDON, June 30 (Reuters Breakingviews) - Monetary policy, Milton Friedman said, acts on the economy with long and variable lags. Monetary policy regimes evolve in response to the changing nature of prevailing economic challenges – though this also takes time. The next revolution in monetary policy may be brewing. One question Gopinath did not address is how the financial system came to dominate monetary policy. When contractions hit, however, central banks eased monetary policy and governments loosened their purse strings, just as before.

Persons: Milton Friedman, Gita Gopinath, Gopinath, ’, “, Peter Thal Larsen, Pranav Kiran, Oliver Taslic Organizations: Reuters, International Monetary Fund, Bank for International, IMF, Central, SVB, Signature Bank, Credit Suisse, Fed Funds, BIS, Thomson Locations: Portuguese, Sintra, Korean, United States, Europe, Central, England, London, U.S, China, Ukraine, “

☆ Eurozone Inflation Slows, but Underlying Price Pressures Persist
▼ + stars: | 2023-06-30 | by ( Patricia Cohen | ) www.nytimes.com time to read: +4 min

Growth is expected to pick up, but further increases in interest rates could act as a brake on the economy. France’s annual inflation rate fell to 5.3 percent in June, from 6 percent in May. Germany, the largest economy in Europe, saw a rise in its annual inflation rate to 6.8 percent, up from 6.3 percent in May. Inflation rates in Germany are expected to resume their fall in September. After adjusting for inflation, profits were above their prepandemic level while workers’ compensation was 2 percent below the trend in the first quarter of this year.

Persons: Gita Gopinath, Christine Lagarde, ’, Giorgia, “, Lucrezia Reichlin, Riccardo Marcelli Fabiani, Price, Lagarde Organizations: International Monetary Fund, London Business School, Oxford Economics, Ukraine — Locations: Sintra , Portugal, France, Italy, Russia, Ukraine, Germany, Europe

☆ European markets open slightly higher on final day of first half; traders await key inflation data
▼ + stars: | 2023-06-30 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty ImagesEuropean equity markets opened in slightly positive territory Friday, after making marginal gains throughout the week, with investors keeping an eye on upcoming euro zone inflation data. European marketsTraders will be watching out for euro zone inflation data, due to be released at 10 a.m. London time, to see if further fiscal tightening by the European Central Bank is having the desired effect. European Central Bank President Christine Lagarde said Tuesday that inflation is still too high and it's too early to declare victory over consumer price rises. But the nature of the inflation challenge in the euro area is changing," Lagarde said from the Sintra central banking event in Portugal.

Persons: Christine Lagarde, Lagarde Organizations: European Central Bank, Bloomberg, Getty, Traders, Central Bank Locations: London, Sintra, Portugal

☆ Euro zone inflation slides more than expected in June, but core rate ticks higher
▼ + stars: | 2023-06-30 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Euro zone inflation hit 5.5% in June, according to preliminary data, coming in lower than analyst expectations — but core inflation, which excludes energy and food, remains stubbornly high and rose to 5.4%. Core inflation had eased to 5.3% in May, from 5.6% in April. Some media reports attributed the sticky core rate to an increase in German rail ticket costs, after the country this time last year offered a discounted pass. The European Central Bank also revised its headline and core inflation expectations for the next couple of years during its interest rate meeting. "Wage-price spiral, which are price increases caused by higher inflation, remains a clear burden for core-inflation.

Persons: Bert Colijn, Christine Lagarde, it's, Clémence Dachicourt, Lagarde Organizations: Central, ING, U.S . Federal Reserve, European Central Bank, Morningstar Investment Management Locations: European, Sintra, Portugal

The pan-European STOXX 600 index (.STOXX) closed 0.1% higher. That made Spain the first among the euro zone's large economies to have inflation fall below 2%. This followed hawkish comments from U.S. and European central bank policymakers at a European Central Bank meet-up in Sintra on Wednesday, where the underlying theme was that rates are likely to stay higher for longer. Adding to recent hawkish messages from central banks globally, Sweden's central bank raised its policy rate by a quarter percentage point as expected and forecast at least one more rate hike this year. The stock was the top gainer on France's blue-chip index (.FCHI), which rose 0.4% and also helped the automaker sub-index (.SXAP) climb 1.3%.

Persons: Germany's DAX, year's, Claus Vistesen, Daniela Hathorn, Amruta Khandekar, Matteo Allievi, Sherry Jacob, Phillips, Rashmi Aich, Conor Humphries Organizations: Pantheon, U.S . Federal Reserve, European Central Bank, Capital.com, Renault, Belgian, Severn Trent, Thames, Semiconductor, Citigroup, Thomson Locations: Spain, Sintra, Severn, Bengaluru, Gdansk

European stocks were cautiously higher Thursday as investors assessed commentary from leading central bankers on the need to continue the fight against inflation. The pan-European Stoxx 600 nudged 0.3% higher by late morning, with retail stocks adding 1.7% to lead gains while travel and leisure stocks fell 0.4%. A further message from the conference this week has been on market pricing of swift interest rate cuts from the ECB. The Stoxx 600 closed 0.7% higher Wednesday after staging a cautious turnaround from six straight negative sessions on Tuesday. U.S. futures were slightly higher as banks rose after passing the Federal Reserve's annual stress test.

Persons: Christine Lagarde, Andrew Bailey, Jerome Powell, Powell, Lagarde, England's Bailey, Philip Lane, Chipmakers Organizations: CNBC, European Central Bank, Wednesday, Bank of England, Federal, ECB, Journal Locations: Sintra , Portugal, U.S, China, Asia, Pacific

☆ Treasury yields climb as investors digest Fed Chair Powell’s interest rate comments
▼ + stars: | 2023-06-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET the yield on the 10-year Treasury was up by over 4 basis points to 3.758%. The 2-year Treasury was last trading 5 basis points higher at 4.772%. U.S. Treasury yields rose on Thursday as investors considered what could be next for interest rates after Federal Reserve Chairman Jerome Powell gave new hints about the monetary policy outlook. Investors weighed the outlook for interest rates after Fed Chair Powell said on Wednesday that policymakers are expecting further restriction. Speaking at a European Central Bank forum in Sintra, Portugal, on Wednesday, Powell also said he would not exclude the possibility of rate hikes being announced at consecutive Fed policy meetings.

Persons: Jerome Powell, Powell Organizations: Treasury, U.S, Federal, European Central Bank, Bank of Spain Locations: Sintra , Portugal, U.S, Madrid, Spain

☆ Fed's Powell does not rule out rate rise at coming meetings
▼ + stars: | 2023-06-28 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

June 28 (Reuters) - Federal Reserve Chairman Jerome Powell reiterated Wednesday that more rate rises likely lie ahead for the central bank, and did not rule out a boost in the cost of borrowing at a policy meeting scheduled for the end of July. "We've come a long way" with rate rises, Powell said at a European Central Bank conference held in Sintra, Portugal, noting that holding off on a rate rise earlier this month was a move to take stock of how the rate hike campaign is affecting the economy. Powell said future policy actions will be driven by how the economy is performing, noting "the only thing we decided was not to raise rates at the June meeting." But even with that pause, Fed forecasts from that gathering penciled in half a percentage point worth of further rate rises, raising the question of when those increases might happen. "The least unlikely case is that we do find our way to better balance without a really severe downturn," Powell said.

Persons: Jerome Powell, Powell, we've, it's, Michael S, Chizu Organizations: Federal, European Central Bank, Fed, Thomson Locations: Sintra , Portugal, U.S

☆ European shares rise as US data soothes economic slowdown fears
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - European shares climbed on Wednesday after robust U.S. data soothed concerns about a steep economic slowdown, while investors awaited commentary from central bankers at a forum later in the day for further policy direction. The pan-European STOXX 600 index (.STOXX) was up 0.5% by 0810 GMT, tracking Wall Street's gains overnight after data showed a rise in new orders for key U.S.-manufactured capital goods and heightened consumer confidence in June. Investors are keenly watching a panel discussion of central bankers in Sintra, including European Central Bank President Christine Lagarde, Federal Reserve Chair Jerome Powell and Bank of Japan Governor Kazuo Ueda. French supermarket chain Carrefour (CARR.PA) gained 3.1% after Morgan Stanley initiated coverage with an "overweight" rating. Reporting by Matteo Allievi in Gdansk and Amruta Khandekar in Bangalore; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Christine Lagarde, Jerome Powell, Kazuo Ueda, Morgan Stanley, Matteo Allievi, Subhranshu Sahu Organizations: Roche, Investors, European Central Bank, Bank of Japan, Carrefour, Thomson Locations: Sintra, Gdansk, Amruta, Bangalore

☆ Yen under pressure; Aussie slides as inflation slows
▼ + stars: | 2023-06-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"We are closely watching currency moves with a strong sense of urgency," Japan's top currency diplomat Masato Kanda told reporters on Wednesday. The yen was hovering around the seven-month low of 144.18 per dollar it touched overnight. Against the euro, the yen was pinned near the 15-year low of 157.93 it hit on Tuesday. Against sterling, the Asian currency was hovering around 183.25, just a shade below the 7.5-year low it touched on Tuesday. In the spot market, the onshore yuan opened at 7.2225 per dollar and was changing hands at 7.2285.

Persons: Masato Kanda, Carol Kong, Kong, Rodrigo Catril, Jerome Powell's, Powell, Andrew Bailey, Christine Lagarde, Kazuo Ueda, Ankur Banerjee, Muralikumar Anantharaman, Jamie Freed Organizations: Bank of Japan, Ministry, Finance, Commonwealth Bank of Australia, Federal, Fed, National Australia Bank, European Central Bank, Bank of England, Sterling, Thomson Locations: SINGAPORE, Japan, Sintra , Portugal, Tokyo, Singapore

☆ Morning Bid: Beijing leaves market guessing on yuan
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +3 min

The People's Bank of China seems to like being enigmatic, throwing the market a curve ball as it fixed the yuan weaker against the dollar than many expected. Dealers had thought the firmer fix on Tuesday meant Beijing was signalling it wanted the yuan's fall to slow, or even stop. The result has been a drop in the offshore yuan back toward Monday's trough, while the market waits for some clarity on Beijing's intentions. Malaysia is set to be the latest to intervene to support its currency, and Japan sounds closer to pulling the trigger every day. Still, the market is clearly betting the yen will keep falling unless, and until, the Bank of Japan backs away from its yield curve policy.

Persons: Wayne Cole, Ueda, Lagarde, it's, That's, Christine Lagarde, Fed's Jerome Powell, Kazuo Ueda, Andrew Bailey, Edmund Klamann Organizations: People's Bank of, Dealers, Wall, Journal, Ministry of Finance, Bank of Japan, Bank's, OECD, Bank of England, Thomson Locations: Wayne, People's Bank of China, Beijing, Monday's, Washington, China, Asia, Malaysia, Japan, Bank's Sintra, Sintra , Portugal

☆ Dollar flat; Aussie slides as inflation slows
▼ + stars: | 2023-06-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

The Australian dollar fell sharply as consumer inflation eased in May. The dollar index is on course to log a decline of about 1.5% for the month. Meanwhile, the Australian dollar fell 0.72% to $0.6637 after the Australian consumer price inflation rate slowed to a 13-month low in May, driven by a sharp pullback in fuel. A measure of core inflation also cooled, in a sign interest rates might not have to rise again in July. The Japanese yen strengthened 0.16% to 143.81 per dollar, but remained close to the seven-month low of 144.18 it touched on Tuesday.

Persons: Rodrigo Catril, Jerome Powell's, Powell, Carol Kong, Bank of England's Andrew Bailey, Christine Lagarde, Kazuo Ueda, Lagarde, Sterling, CBA's Kong, Ankur Banerjee, Muralikumar Organizations: U.S, Federal, Data, Fed, National Australia Bank, European Central Bank, Commonwealth Bank of Australia, Bank of England's, Bank, Bank of Japan, Ministry, Finance, Thomson Locations: SINGAPORE, Sintra , Portugal, Singapore

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