What Awaits USD amid Skyrocketing Inflation?

What Awaits USD amid Skyrocketing Inflation?

What will happen?

The United States will publish the producer price index (PPI) on February 15, at 15:30 MT time. PPI is a price index that measures domestic producers' average changes in prices for their output. Alongside the consumer price index (CPI), PPI tracks country's inflation situation.

Why is it important?

The rising inflation in the United States worries all market participants. While the consumer price index inched to 7% in the last month of 2021 (the highest level since 1982), producer prices jumped by 0.2%.

The market expected an increase of 0.4%, that's why the USD weakened, but only in the short term.

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How to trade on the US PPI?

It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.

If the figures are higher than the forecasts, the USD will rise.

Otherwise – fall.

Check the economic calendar

Instruments to trade: EUR/USD, USD/JPY, GBP/USD

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The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

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