EurUsd - Don't Sell! It's consolidation time before the big Sell
US CPI Overview
Wednesday's US economic docket highlights the release of the critical US consumer inflation figures for July, scheduled later during the early North American session at 12:30 GMT. The headline CPI is anticipated to rise by 0.2% during the reported month, down sharply from the 1.3% in June. The yearly rate is also expected to decelerate to 8.7% in July from the 9.1% previous. Meanwhile, core inflation, which excludes food and energy prices, is projected to rise by 0.5% in July and jump to 6.1% on yearly basis from 5.9% in May.
Wednesday's US economic docket highlights the release of the critical US consumer inflation figures for July, scheduled later during the early North American session at 12:30 GMT. The headline CPI is anticipated to rise by 0.2% during the reported month, down sharply from the 1.3% in June. The yearly rate is also expected to decelerate to 8.7% in July from the 9.1% previous. Meanwhile, core inflation, which excludes food and energy prices, is projected to rise by 0.5% in July and jump to 6.1% on yearly basis from 5.9% in May.
