This earlier on dollar implications of the CPI from Morgan Stanley:
The data is due at 1230 GMT:
This snapshot from the ForexLive economic data calendar, access it here.
The times in the left-most column are GMT.
The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where is a number, is the consensus median expected.
Via BNZ, what to watch:
- The consensus expects headline inflation of just 0.2% m/m, the lowest in 18-months, helped by lower gasoline and food prices.
- But a core CPI measure of 0.5% m/m would remain too high for comfort.
- A stronger result would increase the chance of another 75bps hike next month and boost the USD, while a very weak result would increase the chance of a shift down to 50bps and a weaker USD on the day.
