EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Wait for the inflation data for the US
The USA will release the levels of CPI and core CPI on August 13, at 15:30 MT time.
Consumer prices represent the change in the price of goods and services purchased by consumers. They are an important part of overall inflation. Central banks rely on this data while making decisions concerning their interest rates. Last time, the headline CPI advanced by 0.1%. The core CPI, which excludes the prices for food and energy, rose by 0.3%.
• If the actual figures are higher than the forecasts, the USD will rise;
• If the actual figures are lower than the forecasts, the USD will fall.
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EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
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