Trading the News: U.K. Consumer Price Index (CPI) The U.K.’s Consumer Price Index (CPI) may spark a limited reaction as the headline is projected to hold steady at an annualized 2.3%, but a downtick in the core rate of inflation may weigh on GBP/USD as it encourages the Bank of England (BoE) to preserve a wait-and-see approach for monetary policy. What’s Expected: Why Is This Event Important: ...
China's inflation eased more than expected on falling food prices in February, while producer price inflation accelerated at the fastest pace since 2008. more...
Trading the News: Canada Consumer Price Index (CPI) Another uptick in Canada’s Consumer Price Index (CPI) along with stickiness in the core rate of inflation may foster a larger pullback in USD/CAD as the Bank of Canada (BoC) ‘expects total CPI inflation to be close to 2 percent from early 2017 onwards.’ What’s Expected: Why Is This Event Important: Even though the BoC ‘actively’ discussed more ...
Consumer prices in Australia were up 1.3 percent on year in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday. more...
Trading the News: Canada Consumer Price Index (CPI) Despite forecasts for a uptick in Canada’s Consumer Price Index (CPI), a marked slowdown in the core rate of inflation may drag on the loonie and spur a near-term rebound in USD/CAD as it puts pressure on the Bank of Canada (BoC) to further support the real economy. What’s Expected: Why Is This Event Important: Easing price pressures may push ...
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