On Wednesday, the United States Bureau of Employment Statistics will publish the country’s Consumer Price Index for the month of July. The data will be known at 9.20am Argentina (GMT-3).
Estimates project a slowdown in the rhythm of the Consumer Price Index, towards 0.5%. Despite previous estimates, they indicated a drop and the results were higher.
In the latest statements and decisions of the FED on monetary policy, it has not been enough to anticipate changes in interest rates, but there has been a debate on the policy of purchase of assets.
Among the officials of the entity, debates have already been installed on the deadlines and what measures. This is the case of R. Clarida or Waller, who would support an anticipated reduction of stimuli.
This support, accompanied by last week’s employment results and if a CPI of around 0.5% is confirmed, could imply greater possibilities for the FED to implement changes. The accumulated annual would result in a CPI higher than 5%.
The EURUSD closed sell on Tuesday at 1.1720.
GBPUSD closed sell after opening at 1,386, fell to 1,384.
USDCAD also closed sellon Tuesday, with corrections from 1,257 to 1,253 where it closed the day.
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