No new momentum for USD amid easing inflation – Commerzbank CPI DollarIndex Inflation Fed Banks
is slated for release at 13:30 GMT. Will inflation data move the Dollar? Economists at Commerzbank believe that the report is unlikely to inject new momentum into the US Dollar.“A fall from approx. 9% around the middle of the year to 7% is generally expected for the November data. If inflation still were to stand at 7% in six months’ time that would indeed be worrying. Today, a similar result is unlikely to cause much concern though.
“The most likely scenario is that inflation has fallen further in November and that as a result there will be no new momentum for the US Dollar.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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