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Will CPI push USD higher?

Will CPI push USD higher?

Information is not investment advice

What will happen?

The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).

The index accounts for most of the overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates. 

Last time, the CPI met the expectations but beat the previous month's numbers. As a result, the EURUSD lost more than 500 points. If you traded one lot, you could have earned more than $500.

US CPI.png

How to trade on the US CPI?

  • If the US CPI is greater than forecast, the USD will likely strengthen against other currencies.
  • If the US CPI is lower than forecast, the USD will likely weaken against other currencies.

Instruments to trade: EURUSD, USDCAD, GBPUSD.

Similar

US PCE Adds Fuel to the Fire

The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on April 29, 15:30 GMT+3.

GDP Release Scares the Dollar

United States Bureau of Economic Analysis will release Gross Domestic Product (Advance GDP) on April 28, 15:30 GMT+3.

The UK Awaits High Inflation

Britain’s Office for National Statistics will release an annual change in Consumer Price Index on March 23, at 09:00 MT time (GMT+2).

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Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

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