US Dollar Steady Ahead of Pivotal July CPI Release: BBH
Markets are steady ahead of the US July CPI release, which BBH’s Elias Haddad says is pivotal for Fed funds expectations and the dollar.
EURUSD
Brown Brothers Harriman strategist Elias Haddad notes that markets are trading calmly ahead of the latest US inflation data. The July Consumer Price Index report is widely considered a key input for the Federal Reserve’s next policy move.
The CPI print will directly influence market pricing for the fed funds rate, with the dollar’s near-term direction hinging on whether inflation cools faster or slower than expected.
Source: FXStreet Forex News