Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Greenback leaps, on track for weekly revenues
On Friday, the evergreen buck added during Asian trading, heading for weekly profits after solid American economic data contrasted with figures demonstrating euro zone inflation cooling.
The dollar index, evaluating the greenback against a basket of six crucial currencies, soared 0.1%, being worth 100.50. It gained 0.9% for the week and it’s currently not far from a two-week peak of 100.60 reached overnight.
The common currency nursed losses, ascending 0.1% on the day, hitting $1.0681, though tumbling 1.1% for the week.
Thursday’s Spanish and German consumer price data showed that in March inflation slowed more steeply than expected, as crude priced sank, offering some respite to the ECB because it’s pressured to wind down its monetary stimulus.
Against its major Japanese counterpart, the US dollar was intact on the day at 111.98 yen, gaining 0.5% for the week.
Meanwhile, the British pound headed north 0.2%, being worth $1.2490.
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CAD is in focus
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Main market movements on September 17
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
How to trade GBP after BOE statement?
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!
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