US Monthly PPI will be announced on Friday at 15:30 MT time.
The USD may be supported by the releases
Information is not investment advice
The United States will publish the level of CPI and core CPI at on October 10 at 15:30 MT time. CPI is an important indicator, which accounts for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the Fed to raise interest rates. Last month CPI came out in line with the forecast at +0.1%. As for the core level of CPI (without food and energy process), the actual figures showed an increase of 0.3% (vs. the forecast of 0.2%). If this time the releases are greater than the expectations, the USD will get positive momentum.
• If the indicators are higher than the forecast, the USD will rise;
• If the indicators are lower than the forecast, the USD will fall
News geeks get ready for the chain of US reports, which starts at 15:30 MT time on November 25!
The US dollar surged yesterday after the positive US data, but turned down today. Jump in to get a market wrap!
The report will be out on Tuesday at 17:00 MT time!