Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
Will CPI Push USD Higher?
Information is not investment advice
What will happen?
The US CPI will come out on March 10, at 15:30 MT (GMT+2).
Consumer prices reflects the most of the overall inflation. It’s important to consider inflation in the currency valuation because rising prices lead the central bank to raise interest rates.
Last time the result outperformed the expectations, and EURUSD demonstrated high volatility.
How to Trade on US CPI?
- If the US CPI is greater than forecasted, USD is likely to strengthen against other currencies.
- If the US CPI is lower than forecasted, USD is likely to weaken against other currencies.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
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