Yesterday, USD strengthened against most major currencies except CAD.
During his speech earlier today, FOMC member Bullard said that the central bank needs to respond to the rising inflation by front-loading more removal of accommodation, implying that more rate hikes are required.
The PPI m/m data will be released later at 2130 (GMT+8).
During his speech earlier today, FOMC member Bullard said that the central bank needs to respond to the rising inflation by front-loading more removal of accommodation, implying that more rate hikes are required.
The PPI m/m data will be released later at 2130 (GMT+8).
- PPI m/m (Forecast: 0.5%, Previous: 0.2%)
- Core PPI m/m (Forecast: 0.4%, Previous: 0.5%)