**You can analyze and download data from the U.S. Inflation Dashboard here June’s CPI report marked a notable step down in headline inflation, largely thanks to falling gasoline prices, while core inflation showed signs of stabilization at a lower level. It was a generally favorable print for those hoping for a gradual return to price stability, though persistent shelter costs and other sticky components mean the path back to the Fed’s 2% goal is likely to remain gradual. Month-over-month...

Hedge funds scale on JPY buying as real money selling moderates, says Deutsche Yen flows less negative on repatriation policy talk and systematic fast money demand Hedge funds trim USD buying; real money sellers' less aggressive stance more balanced Real money favours AUD, NOK; cuts support for GBP, EUR, SEK Hedge funds increased JPY demand and scaled back bearish bets across G10FX USD sentiment firms vs EM; real money cuts exposure, adds MXN selling. Hedge funds mixed in EMFX...

Period context: Brent started ~$62, rocketed >100% into late March (geopolitical spike), then crashed ~40% into July. This was a classic event-driven oil regime, not a “normal” commodity cycle. Betas: All G10 currencies (including classic oil proxies AUD/NZD/CAD) showed negative betas to Brent (−0.006 to −0.055). DXY Broad had a positive beta (+0.028). Strength of relationship: Modest but statistically significant for most (R² 7–15%, |t| > 3 except CAD). NZD was the most oil-sensitive (most...