Forex Today: Calm before the US CPI storm – by eren_fxstreet Currencies Majors Macroeconomics Commodities
Markets remain quiet early Tuesday as investors move to the sidelines while preparing for key macroeconomic data releases that will ramp up the. The European economic docket will feature the Employment Change and Gross Domestic Product data for the fourth quarter. In the early American session, the US Bureau of Labor Statistics will release the all-important Consumer Price Index inflation data for January., every 0.1% in Core CPI matters.
During the Asian trading hours, the data from Australia showed that National Australia Bank's Business Confidence Index improved to 6 in January from -1 in December. On a negative note, Westpac Consumer Confidence Index dropped to -6.9% in February from 5% in January.failed to build on Monday's gains following the mixed data and was last seen trading flat on the day above 0.6950.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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