Today, investors will be sitting on the edge of their seats in anticipation of the US CPIs as they look for more signs on whether a fourth Fed hike this year is on the table. In the UK, Chancellor Hammond will present the “Spring Statement”, a mini-budget report that is taking the place of The Annual Budget, which has moved to Autumn.
Market Participants Turn Their Eyes to the US CPIs
The US dollar traded mixed yesterday against the other G10 currencies after Friday’s tumble in the aftermath of the US employment report. The greenback outperformed CAD, SEK and JPY, in that order, while it lost ground against GBP, CHF, and NOK. The US currency traded virtually unchanged versus EUR, AUD, and NZD.
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