Is Inflation Defeated?
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
What Awaits USD amid Skyrocketing Inflation?
Information is not investment advice
What will happen?
The United States will publish the producer price index (PPI) on February 15, at 15:30 MT time. PPI is a price index that measures domestic producers' average changes in prices for their output. Alongside the consumer price index (CPI), PPI tracks country's inflation situation.
Why is it important?
The rising inflation in the United States worries all market participants. While the consumer price index inched to 7% in the last month of 2021 (the highest level since 1982), producer prices jumped by 0.2%.
The market expected an increase of 0.4%, that's why the USD weakened, but only in the short term.
How to trade on the US PPI?
It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.
If the figures are higher than the forecasts, the USD will rise.
Otherwise – fall.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
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