US June CPI is coming up next

Author: Adam Button | Category: News

Can the dollar keep on keepin' on?

The dollar was sizzling on Wednesday without any real strong catalyst but today there is a major potential dollar-mover with the CPI report due at the bottom of the hour.

Headline CPI is expected up 2.9% y/y. Watch out for a bit of headline shock if it hits 3%.

Also key in on average weekly and hourly earnings for signs of wage growth.

Other data points at the bottom of the hour include weekly jobless claims and Canadian housing data. For more, see the economic calendar.

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