News & AnalysisCareer
Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Trading Tools
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
Inflation outlook holds steady as job concerns mount, NY Fed Survey of Consumers shows
One-year inflation expectations among Americans held at 3.9% in October, unchanged from September, according to the New York Fed Survey of Consumer Expectations (SCE). The survey also pointed to expectations that petrol prices could moderate over the next twelve months.
Households reported greater optimism about their personal finances, while inflation expectations at the three- and five-year horizons held at their previous readings of 3.3% and 3%, respectively.
An increase in the unemployment rate to its highest level since 2020 is expected by consumers, the survey found. Expectations for house price growth, meanwhile, remained steady at 3%.
US Dollar Performs Best Against Swiss Franc Today
Against the major currencies listed below, the US Dollar (USD) recorded its strongest performance against the Swiss Franc today. The table sets out the dollar’s percentage change against each currency.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.54% | -0.49% | -0.30% | 0.05% | -0.64% | -1.32% | 0.12% | |
| EUR | 0.54% | 0.05% | 0.25% | 0.58% | -0.11% | -0.79% | 0.65% | |
| GBP | 0.49% | -0.05% | 0.21% | 0.53% | -0.17% | -0.84% | 0.60% | |
| JPY | 0.30% | -0.25% | -0.21% | 0.34% | -0.35% | -1.02% | 0.41% | |
| CAD | -0.05% | -0.58% | -0.53% | -0.34% | -0.68% | -1.35% | 0.07% | |
| AUD | 0.64% | 0.11% | 0.17% | 0.35% | 0.68% | -0.67% | 0.76% | |
| NZD | 1.32% | 0.79% | 0.84% | 1.02% | 1.35% | 0.67% | 1.45% | |
| CHF | -0.12% | -0.65% | -0.60% | -0.41% | -0.07% | -0.76% | -1.45% |
Percentage movements between the major currencies are displayed in the heat map. Select the base currency in the left-hand column and the quote currency in the top row. Selecting the US Dollar on the left and following its row across to the Japanese Yen, for instance, gives the percentage change for USD (base)/JPY (quote) in the corresponding cell.
Inflation Explained: Frequently Asked Questions
The increase in the cost of a representative basket of goods and services is measured by inflation. The headline rate is generally reported as a percentage change, both month-on-month (MoM) and year-on-year (YoY). By stripping out more volatile components, including food and fuel, core inflation excludes prices that can move in response to seasonal and geopolitical factors. Economists concentrate on this core measure, which is also the rate targeted by central banks. Their mandate is to maintain inflation at a manageable level, typically around 2%.
Price changes across a basket of goods and services over a given period are tracked by the Consumer Price Index (CPI). The index is generally reported as a percentage change on both a month-on-month (MoM) and year-on-year (YoY) basis. Central banks target Core CPI because it removes volatile food and fuel components. A reading above 2% usually leads to higher interest rates; conversely, a reading below 2% generally leads to lower rates. As higher interest rates support a currency, rising inflation typically strengthens it, while falling inflation tends to have the opposite effect.
A country’s currency rises in value when inflation is high, and the reverse applies when inflation is lower, despite this relationship appearing counter-intuitive. To curb higher inflation, the central bank will normally increase interest rates. Those higher rates draw in more international capital from investors seeking an attractive return on their money.
Historically, investors sought Gold during periods of high inflation for its ability to retain value. Although they still often buy Gold as a safe haven during severe market turmoil, that historical pattern does not apply most of the time. The reason is that central banks raise interest rates to bring high inflation under control. For Gold, higher rates are unfavourable: they raise the opportunity cost of holding it rather than an interest-bearing asset or keeping money in a cash deposit account. By contrast, lower inflation generally benefits Gold by bringing interest rates down, making the precious metal a more viable investment alternative.
POPULAR ARTICLES
1Inflation outlook holds steady as job concerns mount, NY Fed Survey of Consumers shows2US Dollar retreat lifts Euro towards 1.1200 ahead of US CPI3Easing Iran war concerns lift British Pound back to 1.3400 ahead of US CPI4Services inflation reflects more than tariff pressure, Fed's Goolsbee warns5United States Wholesale Inventories came in at 0.7%, above expectations (0.6%) in September6US Dollar relinquishes some post-NFP gains as Japanese Yen strengthens7USD/INR: Rupee Gains as Oil Prices Fall – Societe Generale8Japanese Yen turns with policy backing – Rabobank9US Dollar Index (DXY) retreats further below 102.00 as risk appetite strengthens
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved