Inflation figures may boost the USD

Inflation figures may boost the USD

The US will release the level of CPI and core CPI on July 11, at 15:30 MT time.

CPI stands for Consumer Price Index. It's one of the main measures of US inflation. There's a direct link between the US inflation and the price of the USD. The higher the inflation, the higher the USD in the short-term. The last time, American CPI came out in line with the forecasts. However, the core CPI reached a lower-than-expected level (0.1% vs. the forecast of 0.2%). The releases resulted in the mixed trading of the USD.

• If the data is greater than the forecast, the USD will rise.

• If the data is weaker than the forecast, the USD will go down.

Check the economic calendar

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