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What will happen to GBP/USD if the UK surprises with higher CPI?
If the data is stronger than expected, will GBP/USD move higher? It may, but most likely not to the extent that the US Dollar did after the stronger US CPI.
US CPI comes in hotter than expected! Is a 75bps rate hike locked in?
US August CPI came in hotter than expected, but the bigger surprise was the strength in the Core CPI reading.
US Dollar retreats further ahead of US CPI
Barring a very low print, today’s CPI report is unlikely to significantly impact expectations around Fed tightening.
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FTSE drops as super-hot inflation sends UK yields higher
Investors fear more aggressive hikes will be on the way after CPI topped 10%
US CPI preview: Are we past peak inflation?
Headline inflation reading may show price pressures fading while the Fed’s preferred “core” (ex-energy and food) CPI measure shows that underlying inflation is still rising
AU Q2 inflation surges but fears ease over supersized 75bp RBA rate hike
June quarter Australian inflation data has surged to 6.1%, but below consensus expectations easing fears of a supersized 75bp rate hike when the RBA meets next week.
Canada CPI weaker than expected – Peak inflation?
Although the June CPI reading for Canada was higher than the May reading, the headline was much lower than expected.
US CPI preview: Will inflation overshoot again?
Annual CPI is expected to have accelerated to 8.8% in June from 8.6% in May.
US CPI recap: Food prices surge by their most in over 40 years
Inflation is becoming more widespread across a broad swathe of consumer spending categories, raising the risk that it could become entrenched.
AU Q1 CPI preview and what next for the ASX200
Tomorrow morning sees the release of March quarter Australian inflation data. It will likely be remembered as the final data point to confirm the end of an era of ultra-low interest rates in Australia and set the scene for an RBA interest rate hike as early as next month.
“As expected” Canadian CPI data disappoints USD/CAD traders
There was no “beat” of expectations as in the US and UK, and as a result, the Canadian Dollar sold off vs the US Dollar
European Open: 113 Could Be Key for USD/JPY Around US CPI
USD/JPY fell below 113 for the first time in a month following strong producer prices. And we suspect that area will be pivotal around today’s inflation print.
Super inflation Wednesday!
With all the inflation data due out Wednesday, some currency pairs could get volatile
AUD/JPY Is Testing Its Breakout Levels Ahead Of Tomorrow’s CPI Data
Whilst Australian employment held up, it doesn’t let inflation off the hook as a weak print tomorrow could see rate cut calls resurface.
USD/JPY at key resistance ahead of US CPI
As far as the US CPI is concerned, this will be the last piece of major news before the Federal Reserve’s rate decision next week. So, unless it shows a surprisingly strong or surprisingly weak reading, it is unlikely to have any meaningful impact on the decision of the FOMC when it comes to monetary policy.
Dollar Index Head-and-Shoulders Pattern in Play After Weak Inflation Data
With three central bank meetings on the schedule today (see my colleague Fawad Razaqzada’s reports from earlier today for previews and recaps of the BOE, ECB, and CBRT meetings) , FX traders have been understandably focused away from the world’s reserve currency. However, dollar bulls who were keyed in on this week’s inflation data were no doubt disappointed.
USD/CAD Tanks After CA Inflation Surprise, Will Bears Target < 1.30 Next?
With price pressures still running at a subdued level throughout the developed world, hotter-than-expected inflation readings have been hard to come by of late. Perhaps today’s Canadian inflation data marks a turning point for that trend.
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US dollar index remains heavily pressured on tepid inflation, White House changes
Two primary developments on Tuesday led to a sharp fall for the already-struggling US dollar.
Inflation in focus again after weak wage growth calms markets
Just as it appears that nervous markets have been put at ease by last Friday’s weaker-than-expected wage growth figures, key inflation numbers to be released this week are potentially set to create more uncertainty for investors.
Markets shrug off higher-than-expected inflation data, for now
The key US inflation indicator that markets have been keenly anticipating came and went on Wednesday, and despite an outcome that was feared most by equity investors in the days leading up to the Consumer Price Index (CPI) release, markets have essentially shrugged off the higher-than-expected inflation print.
EUR/GBP could drop as UK inflation accelerates; French election looming
Earlier, data from the ONS showed consumer price inflation in the UK rose to its strongest level in nearly three-and-a-half years to 2.3%. The pound’s reaction was swift. The GBP/USD jumped to 1.2470 while the EUR/GBP slumped to 0.8655. The GBP has since eased back a little but remain near the day’s highs, which suggest more gains are likely.
GBP/USD: Stronger UK CPI underpins cable ahead of FOMC
The stronger UK November inflation figures have helped to keep the pound bid against most currencies thus far today. At the time of this writing, the GBP/USD was trading at 1.2715 – near the day’s highs – while the EUR/GBP was near the day’s low of around 0.8345. The cable actually turned higher on Tuesday as the dollar took a back seat ahead of the FOMC statement and press conference on Wednesday. Although the Dollar Index has bounced back a little, due to the slight weakness in the EUR/USD, the GBP/USD is nonetheless higher which clearly shows it is outperforming its peers.
USD/JPY: disparity between US and Japanese policies grow
The market appears almost certain that a US rate will be forthcoming next month: according to the CME's FedWatch tool, a December rate hike is around 90% likely now. That view is not likely change today, unless the inflation figures disappoint expectations really badly or Yellen delivers surprisingly dovish remarks – both unlikely in my view.