Forex Signals Brief Nov 20: Will the USD Make A Comeback This Week?
Last week all the attention was on the inflation figures from the US, with the Consumer Price Index CPI report being released on Tuesday, followed by the Producer Price Index PPI report later in the week. Inflation resumed the declining trend, heading to normal levels, which led the market to solidify its conviction that the FED is done raising interest rates, which kept the US dollar declining throughout the week.
Last week all the attention was on the inflation figures from the US, with the Consumer Price Index CPI report being released on Tuesday, followed by the Producer Price Index PPI report later in the week. Inflation resumed the declining trend, heading to normal levels, which led the market to solidify its conviction that the FED is done raising interest rates, which kept the US dollar declining throughout the week.
