The highly-anticipated US Consumer Price Index (CPI) inflation data for September will be published by the Bureau of Labor Statistics (BLS) at 12:30 G
The Consumer Price Index in the US is forecast to rise 3.6% YoY in September, down slightly from the 3.7% increase recorded in August. Annual Core CPI inflation is expected to edge lower to 4.1% in September. US CPI inflation report could significantly impact the US Dollar’s valuation by altering the market pricing of the Fed’s rate outlook. MT.
The downward correction seen in US T-bond yields and the improving risk mood made it difficult for the USD to find demand. The market positioning suggests that the USD has room on the upside in case the inflation data comes in stronger than anticipated. Investors are likely to pay close attention to the monthly Core CPI reading, which can’t be distorted by base effects. A monthly core inflation reading of 0.
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