After the risk event of the “ECB meeting”, attention will once again focus on the Dollar. Commerzbank currency analyst Antje Praefcke does not expect today’s US data to have a significant impact on the dollar.
There is no point in looking at US data.
For the Fed, data on the evolution of inflation and the labor market will be decisive. Therefore, I imagine that the data released in recent weeks has already produced a “big picture” for many FOMC members, which is not likely to be completely shaken by the economic data on today’s agenda, but rather, At best, it will be adjusted slightly.
Today’s US data might be enough for a few pips, but is unlikely to cause major adjustments in the Dollar, if any.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
