Forex Today: US inflation and central banks coming up next – by ValBednarik EURUSD XAUUSD Inflation CentralBanks
started the week on the back foot but changed course during the American session to end the day with uneven gains against its major rivals. Asian and European indexes closed in the red, while Wall Street managed to post gains after a tumultuous week.several first-tier events
The Australian dollar edged lower against its American rival, with AUD/USD currently trading at around 0.6740. The USD/CAD pair lost some ground and settled at 1.3636, as the The US Dollar surged against safe-haven rivals. USD/JPY trades around 137.80 while spot gold battles around $1,780.. Annual inflation is foreseen at 7.3%, easing from the previous month’s 7.7% rate, while the core CPI, which excludes volatile food and energy prices, is expected to have risen by 6.1%. On Wednesday, the US Federal Reserve will announce its decision on monetary policy, while the European Central Bank will do the same on Thursday.
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