Will US inflation push USD further up?
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
Another chance for the USD
The level of retail sales and core retail sales will be out on June 14, at 15:30 MT time.
The indicator of retail sales represents the change in the total value of sales at the retail level. Its core level excludes the sales of autos due to their high volatility. Last time both of the indicators came out lower than the forecasts. The level of retail sales declined to 0.2% (vs. the anticipated increase to 0.2%), while its core level advanced only by 0.1% (vs. the forecast of 0.7%). If this time the situation changes, the USD will rise.
• If the actual levels of indicators are higher than the expectations, the USD will rise;
• If the actual levels of indicators are lower than the expectations, the USD will fall.
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Markets ahead of US inflation data
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
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