Euro is currently trading weaker against its European peers and Dollar as market anticipates the release of Eurozone CPI flash data for December. Expectations are set for the headline CPI to increase from 2.4% yoy to 3.0% yoy, ending a six-month streak of consecutive declines. Meanwhile, core CPI is expected to slow down from 3.6% […]
The post EUR/CHF on edge: Will Eurozone CPI trigger downside breakout? appeared first on Action Forex.
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…