US CPI could be the next big dollar driver

Author: Adam Button | Category: News

...or it could be nothing

Either way, it's best to be prepared.

US economic data isn't coming as fast as it used to with the government shutdown set to continue through the weekend. Trump hinted that he's done negotiating which could mean he will use his emergency powers and set off a fresh firestorm.

All that's for later today. For now, it's all about the consumer price index. I wrote a preview yesterday and see some signs the numbers could be weaker.

Week an eye on the wage measures as well with weekly earnings forecast to rise to 1.2% y/y from 0.6%.

After the data there isn't much left to come. The Baker Hughes oil drilling data is due at 1800 GMT (crude is under some pressure at the moment) and CFTC positioning data is postponed.

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