
US Dollar Index edges higher
FxPremiere.com .Telegram Forex Signals / The dollar clung to marginal gains in early European trade Wednesday, but volatility was limited with traders awaiting upcoming U.S. inflation data and an ECB meeting for clues about future central bank policy.
Telegram FX Signals
Consumer prices also increased for the third consecutive month, rising 1.3% year-on-year in May, up from 0.9% gains during the previous month, and the Chinese yuan rose as a result, with USD/CNY falling 0.1% to 6.3953.FX Signals
This sets the scene for Thursday’s release of U.S. consumer price data, one of the last major pieces of economic data before the next Fed meeting on June 15-16.
INFLATION IN THE FOREX MARKET
“We see clear risks of a big positive surprise to the May inflation report as well with core inflation around or just above 4%. The market is still buying the transitory inflation narrative but for how long,” said analysts at Nordea, in a note.
Thursday also sees the latest policy decision by the European Central Bank, with the central bank widely expected to keep in place its ultra-loose monetary policies given the region has yet to generate inflation at anything like the levels seen across the Atlantic.
Dollar Up From Five Month Low
More immediately, the Bank of Canada meets later Wednesday, with its latest policy decision due at 10 AM ET (1400 GMT).
US Dollar Index edges higher
Forex Signals – Dollar Weakens Ahead of Sterling
Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! Here at FxPremiere Group we keep you updated with the Compare Forex Brokers charting system, as well as sending you Direct Forex Signals by our Telegram Services globally daily.
FX Signals
The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.With our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.
US Dollar Index edges higher
About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals