When is the US consumer inflation (CPI report) and how could it affect EUR/USD? By HareshMenghani CPI UnitedStates Fed EURUSD Currencies
The Consumer Price Index released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchasing power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive for the USD, while a low reading is seen as negative .
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