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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The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

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