Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
The USD may be supported by the releases
The United States will publish the level of CPI and core CPI at on October 10 at 15:30 MT time. CPI is an important indicator, which accounts for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the Fed to raise interest rates. Last month CPI came out in line with the forecast at +0.1%. As for the core level of CPI (without food and energy process), the actual figures showed an increase of 0.3% (vs. the forecast of 0.2%). If this time the releases are greater than the expectations, the USD will get positive momentum.
• If the indicators are higher than the forecast, the USD will rise;
• If the indicators are lower than the forecast, the USD will fall
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
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