đ¨ CRITICAL ALERT: US CPI Data Could Shake the Dollar and Forex Market! đ¨
â ď¸ Attention Traders! The upcoming US Consumer Price Index (CPI) report is poised to create major ripples across the forex market. Analysts at UniCredit Bank are predicting that this could be a make-or-break moment for the US dollar. Hereâs what to watch for:
Stronger-than-expected data from last Fridayâs non-farm payrolls has already fueled speculation. Now, if price stickiness persists, investors may rethink future Fed rate cuts, boosting the dollarâs strength.EUR/USD could plunge below 1.09, and USD/JPY might soar past 150 if the CPI comes in higher than expected.On the flip side, if CPI drops, the dollar could weaken slightly, but donât expect EUR/USD to break above 1.10.
Get ready, traders! This CPI release could be the catalyst for big market moves, so stay alert!
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