US dollar slightly lower. Financial markets calm with light volume, awaiting US inflation data.
Scott Petruska, CFA |
February 13, 2018
Markets anxiously await tomorrow’s US CPI and Friday’s PPI. Fates of global markets are increasingly sensitive to inflation’s effect on benchmark US 10-year Treasuries and future Fed hikes. Larger traders on sidelines. Seeing re-emergence of concerns with expanding US twin deficits – trade and budget.
“Reason is the shepherd trying to corral life's vast flock of wild irrationalities.” Paul Eldridge
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|Source: Bloomberg 2017|
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About the Author
Scott Petruska is a senior advisor for Silicon Valley Banks’ global financial services group, and is based in Boston, MA. He advises clients on currency and interest rate hedging strategies and helps them with other aspects of global banking. He regularly writes blogs on topics covering the global financial markets, conducts client seminars and webinars, and speaks at regional financial conferences.
Petruska has over 30 years experience in the currency and interest rate markets, and has lived and worked in Boston, Chicago, New York City, Singapore and Tokyo. Prior to joining SVB in 2009, he worked at several large international financial institutions, including National Westminster Bank, Irving Trust, Bank of New York, State Street Bank and Commerce Bank. He has been an institutional trader, product developer, analyst, salesperson and advisor.
Petruska has been awarded several professional designations, including the CFA (Chartered Financial Analyst), FRM (Financial Risk Manager) and CMT (Certified Market Technician). He earned his undergraduate degree in Finance & Banking from the University of Wisconsin.
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