US Inflation Rocketed to 31-Year High

EUR/USD has dropped sharply to the low unseen since July 2020. The reason was the higher-than-expected US inflation figures that shocked investors as the annual Inflation Rate rocketed to the 31-year high of 6.2%.

Similar

NASDAQ, S&P500 crash?
NASDAQ, S&P500 crash?

It seems like most of the assets have joined Black Friday's sell-off with global indices, risky currencies, and commodities going down.

What Does Inflation Mean for Financial Markets?
What Does Inflation Mean for Financial Markets?

NFP starts to feel a little bit boring and the market's focus shifts to other important economic data. Inflation is one of them. It is affected by supply shortages, the amount of printed money, and an increase in demand. But how does it affect the market? In this video, we'll find out!

Biden kept Powel as Fed Chair. Why should traders care?
Biden kept Powel as Fed Chair. Why should traders care?

Jerome Powell is getting a second term as chair of the Federal Reserve. Powell is seen as less dovish than Brainard (another nominee). The US dollar should get some support from the possibility of faster-than-expected Fed tapering.

Latest news

Will Oil Prices Hit $50 Soon?
Will Oil Prices Hit $50 Soon?

The oil prices have declined this week after the new Omicron strain was identified. What should we expect next from oil?

How Powell's hawkish speech will affect the USD and gold?
How Powell's hawkish speech will affect the USD and gold?

The higher prices seen today are generally related to the pandemic, that’s no doubt. US consumer prices jumped in October at the fastest pace in three decades putting the Biden administration on the defensive and increasing prospects that the Federal Reserve will raise interest rates next year. Jerome Powell says Fed will discuss speeding up bond-buying taper at the December meeting. What does it mean for markets?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera