Dollar bears need 0.2% CPI gain – SocGen DollarIndex BOC CPI NZDCAD Banks
and Bank of Canada meetings on Wednesday and US CPI on the same day. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes how these events could impact the FX market.We’ve already seen higher-than-expected Norwegian CPI data prompt a further jump in NOK/SEK, which shows central bank behaviour remains dominant, but we expect 0.3% increases for both headline and core CPI in the US.
We probably need a 0.2% print to give EUR/USD a chance of getting back above 1.10 . Absent that, the market’s looking for a 25 bps BoC hike , and no change from the RBNZ . Assurances the latter is ‘done’ and concern about China could be enough for NZD/CAD to head lower again.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dow futures tick higher, CPI data in focus By Investing.com⚠️BREAKING: *U.S. STOCK FUTURES TICK LOWER AS INVESTORS BRACE FOR BUSY WEEK $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Leer más »
China’s CPI inflation arrives at 0% YoY in June vs. 0.2% previousChina’s annual Consumer Price Index (CPI) showed no growth in June, compared with the 0.2% annual gain seen in May, according to the latest data publi
Leer más »
Forex Today: Stocks Slip on Chinese Inflation DataChinese CPI at Zero; Stock Markets Lower; Yen, Aussie Weaken; USD/JPY Rising Again
Leer más »
CPI meets low BTC supply — 5 things to know in Bitcoin this weekBitcoin enters a new week with BTC price shaky at $30,000 despite encouraging data — here are five topics to watch.
Leer más »
Ten-year Treasury yields hold above 4% ahead of CPI inflation dataBenchmark Treasury yields were little changed Monday, holding near cycle highs as traders eye inflation data midweek.
Leer más »
Gold prices retreat as traders await CPI dataGold futures tumbled on Monday after clinching their strongest one-day gain in a month on Friday following the release of the Labor Department's June jobs...
Leer más »