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15 minutes from US CPI
Currency markets are once again seeing a fragmented session with the dollar slightly weaker against its peers though ranges have ben tight and Cable unable to take advantage of the situation. Once again commodity pairs appear to be taking a lead in attempts to do capitalize on the loss of strong dollar sentiment following the latest Fed meetings though we continue to question just how much upside could there be for Loonie, and its peers across the pacific as their main export markets, the US and China, do not appear to be all so healthy. For now we are more amenable in looking for either havenplays out of Yen and and the Swiss Franc or perhaps allowing Euro to see a bigger pullback as markets now appear to be prepared for any eventuality with respect to Greece.
Ahead though we have US inflation metrics where consensus iscalling for some improvement as this key leg for any FOMC tightening has remained to be a disappointment for Fed Hawks. This time around consensus forecast is calling for a 0.2 read after consistently reading a contraction the past three outings the last at -0.7% suggesting that the disinflation effects of the drop in crude remains.
Source: http://www.fxinstructor.com/blog/15-minutes-from-us-cpi
