USD Index remains offered and approaches 103.00 ahead of US CPI – by pabspiovano DollarIndex Currencies Majors Inflation CPI
in the Fed’s normalization process narrative will be put to the test later in the session with the publication of US inflation figures for the month of January, all amidst a so far favoured 25 bps rate hike at the March meeting.
The loss of traction in wage inflation – as per the latest US jobs report - however, seems to lend some support to the view that the Fed’s tightening cycle have started to impact on the still robust US labour markets somewhat.: Inflation Rate – MBA Mortgage Applications, Retail Sales, Industrial Production, Business Inventories, NAHB Index, TIV Flows – Building Permits, Housing Starts, Initial Jobless Claims, Philly Fed Index – CB Leading Index .
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