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US CPI: USD/CHF Technical Analysis
After two back-to back bumper NFP reports, it’s the turn of the other part of the Fed’s mandate – inflation – to occupy our minds next. Will the July US CPI data be cresting and show signs of easing? Or are inflationary pressures more persistent and sticky than the Fed believe, forcing a shift in their tapering timeline? This would mean a continuation in the dollar bid from Friday’s employment report. The numbers due out tomorrow are set to see the monthly reading at 0.5% in July, down from the prior 0.9%. This would push the yearly rate lower, but consensus still sees it remaining above 5%. There is a lot ... (full story)
