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How does the American CPI reflect the virus impact?
Information is not investment advice
On Wednesday, the US monthly inflation will be announced at 14:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD, USD/CAD
In the last four months, inflation in the US hasn’t been deviating from 2.3%, which must reflect the stability of the US economic expansion and the Fed’s monetary policy. This time inflation may tell much about the current situation. Primarily, coronavirus may cool down the US economic expansion lowering the internal consumption and slowing the production process. If that’s the case, inflation will become subdued. And that will be a preliminary indicator of how indeed the virus outbreak impacts the US economy and the USD. That, in turn, should contribute a lot to the US Fed’s rate decision on March 18.
- If the inflation is stable, the USD may be supported.
- If the inflation is lower than expected, the USD may be suppressed.
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The Most Important News For Today
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Crucial News For The Following Week
In this review, we will discuss important news for the following week. What will affect the financial markets soon? How will the main currency pairs react?
Focus on Banks' Meeting and NFP
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
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