Focus is on today’s inflation data from the U.S. Two consecutive less-than-expected readings pushed to dollar lower, while expectations for today’s data point to further slowdown in inflation, and that it may have peaked.
This could give the Fed’s members a more clear picture about inflation, and what their next steps would be at their monetary policy meeting which concludes February 1.
Also on Friday’s agenda Germany’s annual GDP and U.K’s GDP data would be in focus.
Forex Markets Review 12 01 2023, CPI, Core CPI, Inflation, EURUSD, USDJPY
Uploaded by Ina Rowe on January 12, 2023 at 9:10 am
Forex Markets Review 12 01 2023, CPI, Core CPI, Inflation, EURUSD, USDJPY
Focus is on today's inflation data from the U.S. Two consecutive less-than-expected readings pushed to dollar lower, while expectations for today's data point to further slowdown in inflation, and that it may have peaked.
This could give the Fed's members a more clear picture about inflation, and what their next steps would be at their monetary policy meeting which concludes February 1.
Also on Friday's agenda Germany's annual GDP and U.K's GDP data would be in focus.
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