USD: The CPI data in the US is the last key data release before - TopicsExpress

USD: The CPI data in the US is the last key data release before the Fed meeting which starts today. Headline inflation is seen moving down to 1.6% (from 2.0%), although note that the core rate is seen higher to 1.8% (from 1.7%). Notably softer data would add to expectation that the Fed could remain on hold this week with plans to reduce the amount of monthly bond purchases, which would put further downward pressure on the dollar.

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