US CPI data due tonight could be another key test for currency markets, particularly the dollar, following Friday's stronger-than-expected non-farm payroll data, analysts at UniCredit said in a note. Persistent stickiness in prices could lead investors to consider reducing expectations for future rate cuts by the Federal Reserve, thereby supporting the dollar. If this happens, the EUR/USD could fall below 1.09 and the USD/JPY could break through 150. A decline in the headline CPI could cause the...
After Friday's stronger-than-expected PMI data was released, both gold and silver fell sharply. In the face of the increasingly strengthening US economic growth, the breaking point of gold and silver may be... > >