Urgent Notice: US CPI Data Set to Shake Forex Markets!
Attention forex traders! The release of the US Consumer Price Index (CPI) data could have a significant impact on the value of the US dollar, potentially stirring volatility in the foreign exchange markets. According to forecasts from UniCredit Bank, this report define the next key moves for the dollar, making it crucial to watch closely.
The recent surge in non-farm payrolls has already raised expectations, prompting speculation among market players. Should inflationary pressures remain stubborn, traders may need to adjust their expectations regarding the Federal Reserveâs next steps on interest rate policy. In this case, the dollar could gain ground, leading to a potential dip in the EUR/USD to below 1.08, while the USD/JPY could surge past 148.
On the other hand, if the CPI reveals a cooler inflation rate, we could witness a slight softening of the dollar. However, analysts suggest itâs unlikely to push the EUR/USD beyond the 1.11 threshold, as the market could remain cautious about an immediate Fed pivot.
This CPI report is shaping up to be a major market mover. Traders should be prepared for significant currency shifts, as this data release could define the near-term direction of the dollar. Stay vigilant!
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