Prior to the highly anticipated ECB rate decision on Thursday, focus today will again be on the US, as the August inflation data is due for publication. Economists at Commerzbank analyze how could EUR/USD react to the US CPI report.
US inflation overshadowed by ECB meeting
Contrary to the situation regarding the ECB, the market seems to be more or less unanimous in the expectation of the key rate remaining unchanged in the US next week. The inflation publication today is unlikely to have much of an effect on the decision itself, but probably on the outlook the Fed will provide for the coming months. Will the Fed signal an end of the rate hike cycle or will it again refer to the decision as a pause in the cycle?
As a result, today’s publication is not irrelevant, but against the background of the ECB meeting, the reaction in EUR/USD is likely to be cautious. More than an initial reaction is unlikely, in particular as the Fed meeting is also getting closer, resulting in a certain event risk at least as far as the future outlook is concerned
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发