EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
Will the USD drop on lower CPI?
The American monthly CPI will be released at 15:30 MT on January 14
The Consumer Price Index is an important reflection of the domestic inflation process. If the basket of goods costs more for customers, in means that inflation is rising. In this case, the financial authorities will have to impose higher interest rates to stop the prices from going over the top. The last two months referring to the months of October and November have shown a downtrend in this indicator for the US, implying a more dovish financial note and indicating that the American economy has been cooling down. If the December indicator expected for release on January 14 shows the continuation of this tendency, the USD may fall.
- If the CPI is higher than expected, the USD will rise;
- If the CPI is lower than expected, the USD will fall.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 15:45 MT time.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.