Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
Inflation data may push the USD higher
The United States will publish the level of CPI and core CPI on June 12, at 15:30 MT time.
The consumer price index represents a huge part of the overall inflation. Its core level excludes the prices of food and energy due to their high volatility. Last time the actual figures of indicators disappointed the market. The headline CPI advanced only by 0.3% (vs. 0.4% expected) and the core CPI increased by 0.1% (vs. 0.2% expected). The releases weakened the USD. Let's see what happens to the greenback this time.
• Higher-than-expected figures of indicators will push the USD up;
• Lower-than-expected figures of indicators will pull the USD down.
Similar
Market updates on November 13
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
Latest news
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
Deposit with your local payment systems
