We will follow the US CPI Inflation data today
As inflation is one of the two pillars of the Fed’s dual mandate, the market will seek a hint from the next Fed moves. Although, traders price out another Fed Rate Hike this year, economic data may nevertheless provide some support to the dollar.
The US CPI is expected to come out 0.3% m/m and y/y inflation is expected to rise slightly to 1.8% in August from 1.7% a month ago.
Core inflation, on the other hand, is expected to ease to 1.6% from 1.7% a month earlier. Acceleration in headline inflation may prompt investors to price further rate hikes from the Fed, hence push DXY and bond yields higher. Conversely, a worse than expected realization would soothe market concerns and support EM economies.
14 Sep 17 (Thu)
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