Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Aussie and Kiwi soar versus greenback
On Wednesday, the Australian and New Zealand dollars rallied versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency was still vulnerable.
The currency pair AUD/USD managed to grow 0.11% being worth 0.8092 after the Australian Bureau of Statistics informed that the consumer price index inched up 0.6% during the fourth quarter, thus confounding hopes for a 0.7% profit.
However, consumer prices soared 1.9% for the three months to December year-over-year versus hopes for a 2% leap.
In China, in January official manufacturing purchasing managers' index headed south to 51.3 from 51.6 in December, versus hopes for a tumble to 51.5.
China's non-manufacturing PMI tacked on to 55.3 in January from December’s reading of 55.0, surpassing hopes for an intact outcome.
The currency pair NZD/USD inched up 0.80% showing a reading of 0.7389.
Similar
Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Latest news
NFP, Oil, and US Stocks Highlight This Week
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
The US Dollar Is Correcting
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
Bearish Signal For The USD
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
