Inflation in the US - Ester Holdings
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Inflation in the US

  • Core consumer price index (CPI) in the US (y / y), 2.4%, forecast 2.3%.
  • Core consumer price index (CPI) in the US (m / m), 0.2%, forecast 0.2%.
  • Consumer Price Index (CPI) in the US (m / m), 0.2%, forecast 0.2%.

Statistics on the US consumer price index for July has improved noticeably, especially on an annual basis, providing support for the US dollar and supporting the statement by US Federal Reserve Bank spokesman Evans, who spoke in favor of higher rates on Thursday.

The CPI in the USA (y / y)

 

At the same time, the US dollar index reacted very cautiously to this optimistic statistics, which is due to the overbought dollar after the morning rally and yesterday’s Evans comments. These news actually completely eliminated the possibility of correction of the dollar. But there are also no reasons for further growth, which leaves the dollar index of the motion near the 96.00 support level.

The US dollar index chart. The current price is 96.10 (10-year government bonds yield is a blue line)

Read also: “Analysis of cross-rates in relation to major currency pairs”

Hanzenko Anton

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