Euro zone suffers loss of economic activity
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
US CPI
CPI is a highly important economic indicator as it corresponds to the inflation rate. The inflation rate has a significant impact on the monetary policy of the Federal Reserve. The market anticipates two additional rate hikes this year. As a result, the rise in the inflation data will confirm the possibility of rate hikes.
US CPI data will be out at 15:30 MT time on August 10.
• If the data is greater than the forecast, the USD will go up.
• If the data is weaker than the forecast, the USD will go down.
Check the economic calendar
So far, the inflation rate surged to 2.9% in June. It is the highest level since February of 2012.
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Euro zone suffers loss of economic activity
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
USD: easy there
Jerome Powell made a rare appearance in the public media this Thursday. What did he bring to the audience?
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