Making money on CPI

Discussion in 'Forex' started by UM_manager, Mar 13, 2007.

Will the dollar gain or loss?

Poll closed Mar 16, 2007.
  1. the dollar will gain

    0 vote(s)
    0.0%
  2. the dollar will loss

    2 vote(s)
    50.0%
  3. I don't know

    2 vote(s)
    50.0%
  1. Historically US CPI report causes strong volatility in the FX market. What do you think about this week's report?
    Will the dollar gain or loss?

    Previous reactions are in the attach.
     
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  2. Bloomberg says

    The report on consumer prices may show core inflation, which excludes food and energy, rose 0.2 percent last month. Core prices were up 2.7 percent from a year earlier, the same as in January, according to the survey median.

    The Fed's preferred price gauge rose 2.3 percent in January from a year earlier, government figures earlier this month showed. Fed Chairman Ben S. Bernanke is among policy makers who have said increase in a 1 percent to 2 percent range is acceptable.

    Elevated inflation combined with job and wage gains have doused speculation the Fed will trim interest rates.

    The unemployment rate unexpectedly fell last month and worker earnings rose more than economists forecast, a Labor Department report March 9 showed. Interest-rate futures following the report suggested a 30 percent likelihood the Fed will cut rates by July, down from 66 percent the day before.
     
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