Breaking forecast - US import / export prices
Import prices - forecast -0.2%. The previous value is -0.3% (month-to-month).
Year to Year + 2.1%
Why is it important?
As the Fed said last week, inflation was the main indicator for the current situation. The Fed relies on the fact that inflation is still below the lower limit of less than 2% per annum.
As we see, import prices are falling, and the forecast shows a decrease. This is an argument for the Fed to delay the gradual tightening of monetary policy.
If the indicator comes out according to the forecast, this is an additional impetus for the growth of the euro, pound, Australian, and franc against the dollar.
The EUR / USD rate will continue to grow to 1.1600.
The material has been provided by InstaForex Company - www.instaforex.com