Will CPI Push USD Higher?

Will CPI Push USD Higher?

What will happen?

The US CPI will come out on March 10, at 15:30 MT (GMT+2).

Consumer prices reflects the most of the overall inflation. It’s important to consider inflation in the currency valuation because rising prices lead the central bank to raise interest rates.

Last time the result outperformed the expectations, and EURUSD demonstrated high volatility.

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How to Trade on US CPI?

  • If the US CPI is greater than forecasted, USD is likely to strengthen against other currencies.
  • If the US CPI is lower than forecasted, USD is likely to weaken against other currencies.

Instruments to trade: EURUSD, USDCAD, GBPUSD.

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Similar

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.

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.

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