OIL: it started
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
How does the American CPI reflect the virus impact?
On Wednesday, the US monthly inflation will be announced at 14:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD, USD/CAD
In the last four months, inflation in the US hasn’t been deviating from 2.3%, which must reflect the stability of the US economic expansion and the Fed’s monetary policy. This time inflation may tell much about the current situation. Primarily, coronavirus may cool down the US economic expansion lowering the internal consumption and slowing the production process. If that’s the case, inflation will become subdued. And that will be a preliminary indicator of how indeed the virus outbreak impacts the US economy and the USD. That, in turn, should contribute a lot to the US Fed’s rate decision on March 18.
- If the inflation is stable, the USD may be supported.
- If the inflation is lower than expected, the USD may be suppressed.
Similar
Coronavirus impact on US labor market: latest news
27,000 people became unemployed in private sector
Is Chinese economy rebounding?
The country has come through the worst and is recovering now.
Latest news
OIL: it started
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
Coronavirus impact on US labor market: latest news
27,000 people became unemployed in private sector
Employment data may make the USD volatile
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
Deposit with your local payment systems
