Keep an eye on the important release for the loonie
The level of GDP growth for Canada will be published on June 28, at 15:30 MT time.
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.
Similar
Market updates on June 26
Read and find out the market movers
The GDP growth may push the USD up
The United States will release the level of final GDP growth on June 27, at 15:30 MT.
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