{"id":217190,"date":"2025-01-09T12:45:00","date_gmt":"2025-01-09T17:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=217190"},"modified":"2025-01-11T12:20:32","modified_gmt":"2025-01-11T17:20:32","slug":"weak-data-from-abroad-propels-us-dollar","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/","title":{"rendered":"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025"},"content":{"rendered":"\n

Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a stronger US dollar. But the firmer greenback isn\u2019t weighing on the commodity landscape or energy markets specifically for that matter, as cold weather conditions and heavy travel activities ahead of the Lunar New Year Holiday support the demand picture for crude oil. The critical liquid has been on somewhat of a tear as of late, jumping to a three-month high and exceeding $75 per barrel in yesterday\u2019s morning trading. Folks did apply selling pressure to push its price back below $75, however, following a report depicting sharp increases in gasoline and distillate supplies stateside. In other news, wildfires in Los Angeles county are devastating communities and have already claimed five lives.<\/p>\n\n\n\n

\"Crude<\/figure>\n\n\n\n

LA County Suffers Massive Economic Losses <\/strong><\/h2>\n\n\n\n

Los Angeles is suffering from the worst wildfires in history with economic losses exceeding $55 billion. Rising temperatures and ferocious winds coinciding with a lack of rainfall and frequent droughts as a result have raised the risk profile of the region. Roughly 2,000 structures including residences and businesses have been destroyed, while 130,000 people are under evacuation warnings and at least five people have died.<\/p>\n\n\n\n

Labor Deal Eases Supply Chain Angst<\/strong><\/h2>\n\n\n\n

In trade and labor news, the US landscape has incrementally benefitted this morning from a deal between dock workers and port employers. The tentative agreement covers six years but isn\u2019t publicly available yet since both sides still need to ratify the terms. The progress is welcome as a strike was likely to occur on January 15, when the current package expires, absent a compromise.<\/p>\n\n\n\n

China\u2019s Economic Malaise Persists<\/strong><\/h2>\n\n\n\n

China racked up its fourth month of anemic Consumer Price Index (CPI) data with the benchmark depicting December year-over-year (y\/y) inflation of only 0.1%, which matched forecasts, while the Producer Price Index retreated 2.3%. The month marked the second-consecutive year of declining factory gate prices and illustrated how the country\u2019s fiscal and monetary stimulus programs have yet to significantly stoke domestic demand for goods and services. Officials in Beijing have already committed to try and rev up its economy as it struggles with a declining real estate industry, a price-war among electric vehicle providers, excess manufacturing capacity and softening manufacturing orders. It\u2019s also bracing for additional trade tariffs proposed by President Trump.<\/p>\n\n\n\n

Exports Drive Australia Trade Surplus<\/strong><\/h2>\n\n\n\n

Australia produced a trade balance surplus of A$7.08 billion in November as cold weather in Asia and stimulus in China supported demand for commodities. Additionally, Australia\u2019s weaker currency and higher commodity prices provided additional support to the country\u2019s trade balance. The surplus surpassed the analyst estimate of A$5.75 billion and October\u2019s positive trade balance of A$5.67 billion seen in the prior month.\u00a0On a month-over-month (m\/m) basis, exports of rural goods, which consists of agriculture products, grew 18.1%. Within this category, the sub-group of other rural, which includes cotton, butter, cheese and powdered milk, jumped 34.6%. Exports of non-rural products, a category with ores, coal, mineral fuels, machinery and other manufactured items, grew 2.1%. While overall imports increased 1.7%, consumption goods fell 0.5%. The decline was offset by a 3.3% increase in capital goods.<\/p>\n\n\n\n

Australia Shopping Misses Estimates<\/strong><\/h2>\n\n\n\n

Black Friday shopping and discounting helped Australia\u2019s retail sales head north by 0.8% in November but failed to push the metric above the forecasted gain of 1.0%. The result, however, was still stronger than the 0.5% and 0.4% gains in October and September. Sales also climbed 3% compared to the eleventh month of 2023. Gains relative to October were fairly widespread as follows:<\/p>\n\n\n\n

    \n
  • Department stores, 1.8%<\/li>\n\n\n\n
  • Clothing, footwear and personal accessories, 1.6%<\/li>\n\n\n\n
  • Cafes and restaurants, 1.5%<\/li>\n\n\n\n
  • Household goods, 0.6%<\/li>\n\n\n\n
  • Food retail, 0.5%<\/li>\n\n\n\n
  • Other retailing (pharmaceutical, cosmetics, toiletries, print publications and recreational goods), 0.3%<\/li>\n<\/ul>\n\n\n\n

    Europe Produces Weak Retail Results<\/strong><\/h2>\n\n\n\n

    Eurozone retail sales grew at a disappointing 0.1% m\/m rate in November, falling below the analyst expectation for expansion of 0.4% but reversing from October\u2019s 0.3% decline. On a y\/y basis, activity at cash registers climbed 1.2% among the eurozone, which is also called the euro area and is comprised of 20 countries that use the euro. The modest m\/m increase was driven by automotive fuel in specialized stores gaining 0.8% and food, drink and tobacco expanding 0.1%. Gains were partially offset by non-food products not including fuel dropping 0.6%.<\/p>\n\n\n\n

    Commodities and Treasurys Rally<\/strong><\/h2>\n\n\n\n

    US stocks are closed today in memory of the late President Jimmy Carter, but Treasurys, the greenback and commodities are all gaining. The 2- and 10-year maturities are trading at 4.26% and 4.67%, 2 and 3 basis points (bps) lighter across both durations. The Dollar Index is up 19 bps as the US currency appreciates versus almost all of its counterparts, including the euro, pound sterling, franc, yuan and Aussie and Canadian tenders, but it is depreciating relative to the yen. Commodities are tilted to the upside with crude oil, copper, lumber, silver and gold higher by 1.3%, 0.7%, 0.6%, 0.2% and 0.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a stronger US dollar.<\/p>\n","protected":false},"author":903,"featured_media":217206,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12711,18,6,8,9,26,3],"tags":[18252,18251,18253,18254],"contributors-categories":[13576],"class_list":{"0":"post-217190","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-economic-landscape","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-australia-retail-spending","15":"tag-australia-trade-balance","16":"tag-chinese-inflation","17":"tag-eurozone-retail-spending","18":"contributors-categories-interactive-brokers"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nWeak Data From Abroad Propels US Dollar: Jan. 9, 2025<\/title>\n<meta name=\"description\" content=\"Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/217190\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025 | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a stronger US dollar.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-09T17:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-11T17:20:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/featured-pic-1-9-25.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Jose Torres\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t },\n\t \"headline\": \"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025\",\n\t \"datePublished\": \"2025-01-09T17:45:00+00:00\",\n\t \"dateModified\": \"2025-01-11T17:20:32+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/\"\n\t },\n\t \"wordCount\": 807,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/featured-pic-1-9-25.jpg\",\n\t \"keywords\": [\n\t \"Australia Retail spending\",\n\t \"Australia Trade balance\",\n\t \"Chinese inflation\",\n\t \"Eurozone retail spending\"\n\t ],\n\t \"articleSection\": [\n\t \"IBKR Economic Landscape\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/\",\n\t \"name\": \"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025 | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/featured-pic-1-9-25.jpg\",\n\t \"datePublished\": \"2025-01-09T17:45:00+00:00\",\n\t \"dateModified\": \"2025-01-11T17:20:32+00:00\",\n\t \"description\": \"Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a stronger US dollar.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/weak-data-from-abroad-propels-us-dollar\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/featured-pic-1-9-25.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/01\\\/featured-pic-1-9-25.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t \"name\": \"Jose Torres\",\n\t \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025","description":"Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/217190\/","og_locale":"en_US","og_type":"article","og_title":"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025 | IBKR Campus US","og_description":"Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a stronger US dollar.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/","og_site_name":"IBKR Campus US","article_published_time":"2025-01-09T17:45:00+00:00","article_modified_time":"2025-01-11T17:20:32+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/featured-pic-1-9-25.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025","datePublished":"2025-01-09T17:45:00+00:00","dateModified":"2025-01-11T17:20:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/"},"wordCount":807,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/featured-pic-1-9-25.jpg","keywords":["Australia Retail spending","Australia Trade balance","Chinese inflation","Eurozone retail spending"],"articleSection":["IBKR Economic Landscape","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/","name":"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025 | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/featured-pic-1-9-25.jpg","datePublished":"2025-01-09T17:45:00+00:00","dateModified":"2025-01-11T17:20:32+00:00","description":"Weaker-than-expected consumption figures from Aussie land and the European Union combined with worries about Chinese deflation are contributing to a stronger US dollar.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/weak-data-from-abroad-propels-us-dollar\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/featured-pic-1-9-25.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/featured-pic-1-9-25.jpg","width":1000,"height":563,"caption":"Weak Data From Abroad Propels US Dollar: Jan. 9, 2025"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/01\/featured-pic-1-9-25.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/217190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=217190"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/217190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/217206"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=217190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=217190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=217190"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=217190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}