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Forecasting the upcoming week: US inflation takes center stage next week
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FXStreet Forex & Commodities News
US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today.
The spotlight falls on Wednesday's CPI report, with Producer Price Index (PPI), Retail Sales and the preliminary Michigan Consumer Sentiment survey filling out the week.
GBP/USD is trading near 1.3500 as it closes the week, testing the resistance level for the second time this month.
The metal has been carried by collapsing rate-hike expectations, which makes Wednesday's CPI the single most important release on its calendar.
A firm one would force a reassessment, particularly with Strait of Hormuz risk keeping energy prices unsettled and the inflation question unresolved.