Are you ready for some CPI data?

Discussion in 'Forex - Currencies Forums' started by SamClemensMT, Jan 15, 2015.

  1. SamClemensMT

    SamClemensMT Well-Known Member

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    Tomorrow the consumer price index for December will be released. A rising CPI should predict a likely rise in interest rates. Of course rising rates produce a stronger dollar. However, the Fed has already projected its intention to raise interest rates, so tomorrow's report shouldn't lift the dollar. The news is already priced into the market. On the other hand, should CPI decline you can expect the USD to weaken against the major currencies.
     

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