Forex: US CPI in Focus Today

In Europe traders await the German Final Consumer Price Index (CPI) due at 6:00GMT. European Central Bank Governing Council member Benoit Coeure gives a speech at 10:15GMT while the ECB June meeting’s minutes will be released at 11:30GMT. The Bank of England Governor Carney’s will deliver a speech at 10:00GMT.

In the American calendar we have the day 2 of Fed Chair Powell’s testimony closely at 14:00GMT. Fed officials Bostic, Williams, Barkin and Kashkari will be speaking and can affect the EURUSD price. The US Consumer Price Index is due at 12:30GMT along with the US jobless claims and Canadian New Housing Price Index.

The RBA deputy governor Debelle speaks via video conference at the FX Week USA conference.

Earlier today the New Zealand Electronic Card Retail Sales (month over month) came in at 0%, missing expectations of 0.7% in June. The Australia Consumer Inflation Expectations came in to 3.2% in July from previous 3.3%. Australia Home Loans came in at 0% above forecasts of -0.6% in May.

In Japan the Tertiary Industry Index (month over month) came in at -0.2% below expectations of -0.1% in June.Don’t miss a beat! Follow us on Twitter.

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