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Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
The consumer price index represents the change in the price of goods and services purchased by consumers. We pay attention to this indicator, as the consumer prices account for a majority of overall inflation. Based on the level of CPI, the central bank decides about further monetary policy actions. There are two forms of CPI: headline and core. The difference between them is simple: the core indicator excludes food and energy prices due to their volatility. Last time, both indicators advanced by 0.6%. As a result, the US dollar strengthened in the short term. Will the reaction of the greenback be more significant?
- If the indicators are higher than the forecasts, the USD will go up;
- If the indicators are lower than the forecasts, the USD will go down.
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