Yesterday, USD strengthened against all major currencies.
The CPI m/m data released yesterday indicated the largest monthly rise in inflation in June since June 2008. The main drivers behind the strong rise in inflation are used cars and trucks prices and gasoline prices.
Federal Reserve Chairman Jerome Powell will be testifying tomorrow at 0000 (GMT+8). During this time, volatility in USD is expected.
The CPI m/m data released yesterday indicated the largest monthly rise in inflation in June since June 2008. The main drivers behind the strong rise in inflation are used cars and trucks prices and gasoline prices.
- CPI m/m (Actual: 0.9%, Forecast: 0.5%, Previous: 0.6%)
- Core CPI m/m (Actual: 0.9%, Forecast: 0.4%, Previous: 0.7%)
Federal Reserve Chairman Jerome Powell will be testifying tomorrow at 0000 (GMT+8). During this time, volatility in USD is expected.