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US Dollar Price Outlook: Inflation Data to Fuel USD Volatility

From dailyfx.com

The US Dollar will likely be front and center during Wednesday’s trading session. This is considering potential for US Dollar volatility to accelerate in response to monthly inflation data on deck for release. The DailyFX Economic Calendar details that markets are expecting headline and core inflation to cross the wires at 3.6% and 2.3%, respectively. A material upside surprise on inflation could intensify the Fed taper debate, which would likely correspond a sharp move higher in Treasury yields and the broader US Dollar. On the other hand, a relatively soft or in-line reading on inflation might be viewed as a ... (full story)

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  • Category: Technical Analysis