Get ready to trade the USD on the inflation data.

Get ready to trade the USD on the inflation data.

The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.

This indicator is important as this is the base for the Federal Reserve future monetary policy decisions. Last month the inflation rate declined by 0.1% and made the USD weak. The higher-than-expected level will be appreciated by the market, so the USD will get a chance to strengthen.

• If CPI outperforms the forecast, the USD will rise.

• If CPI is lower than the forecast, the USD will fall.

Check the economic calendar

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