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The AUD is the strongest and the CHF is the weakest as the NA session begins

The AUD is the strongest and the CHF is the weakest as the NA session begins

The AUD is the strongest and the CHF is the weakest as the markets jockey for position ahead of the US CPI at 8:30 AM ET. The USD is a bit weaker but price action is relatively muted today as it is time to see - and then believe. The number will tee-up the Fed tomorrow. If inflation dips, the game plan of slowing the pace of tightenings continues with 50 bps tomorrow and 25 likely in forthcoming meetings into early 2023 - dependent on other data ahead to determine the terminal rate. If the nu... Read More

Posted: Dec 13 2022, 13:14
Author Name: forexlive
Views: 102834

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