Rabobank: US June CPI Seen at 3.8% YoY; Fed Speakers, Warsh Testimony in Focus
Rabobank senior macro strategist Bas van Geffen highlights a data-heavy week for the US dollar, with June CPI expected to cool to 3.8% year-on-year. Core inflation figures and testimony from Kevin Warsh also on the calendar.
Rabobank's senior macro strategist Bas van Geffen notes a busy US-centric data and policy calendar. The June CPI report is expected to show headline inflation easing to 3.8% year-on-year. The core inflation reading was not fully disclosed in the bank's note.
Also on the agenda are appearances from Federal Reserve speakers and testimony from Kevin Warsh. These events could provide further clues on the monetary policy outlook and influence the US dollar's trajectory.
Source: FXStreet Forex News