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CPI from US to Support Dollar?

May 15, 2007 (Last updated on November 29, 2009) by

Today the April U.S. CPI data cam out a bit higher than the market expected — 0.6% against 0.5%. A higher CPI data can mean a fast increase of the U.S. interest rate by the Fed, which in its turn gives USD a support to rally higher against other currencies. But all in all 0.1% difference can be not enough to significantly move the Forex market in any direction, so it’s better to wait for more macroeconomic data.

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