Will the US CPI boost the USD?

Will the US CPI boost the USD?

The American CPI is announced on Wednesday at 15:30 MT time.

Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD

Consumer prices are the indicator and the main component of country inflation. Inflation, above all, is the indicator of economic activity. More consumer demand – higher prices, lower consumer demand – lower prices. Consumer demand, in turn, is the basis of domestic economic health and prosperity. Therefore, if the US CPI is higher than the forecasts, that would mean that the US economy is recovering faster than projected. Such a scenario would boost the USD.

  • If the CPI is better than though, the USD will rise.
  • Otherwise, it will drop.

Check the economic calendar

US CPI.jpg

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