Yesterday, USD weakened against most major currencies except JPY.
During his testimony yesterday, FOMC Chairman Jerome Powell affirmed that the central bank’s quantitative easing will be ending in March. Also, Powell mentioned that the Fed may carry out the unloading of its bond holdings this year.
The CPI m/m data will be released later at 2130 (GMT+8).
CPI m/m (Forecast: 0.4%, Previous: 0.8%)
Core CPI m/m (Forecast: 0.5%, Previous: 0.5%)
FOMC member Brainard will be testifying on her nomination of Vice Chair before the Senate banking committee later at 2300 (GMT+8). During this time, there may be volatility in USD.