Forex Today: Market attention shifts to August inflation data from US

Here is what you need to know on Wednesday, September 11: The US Dollar stays under selling pressure early Wednesday as markets gear up for key inflation data. The US Bureau of Labor Statistics will release Consumer Price Index data for August. Later in the day, the US Treasury will hold a 10-year note auction. Following a bullish start to the week, the USD Index stays on the back foot in the European morning and was last seen losing nearly 0.3% on the day.

The UK's Office for National Statistics reported earlier in the day that Industrial Production and Manufacturing Production contracted by 0.8% and 1%, respectively, on a monthly basis in July. Other data from the UK showed that the monthly Gross Domestic Product was unchanged in July. GBP/USD struggles to gather recovery momentum after these data releases and trades slightly below 1.3100.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forex Today: Fedspeak and Canada inflation data to grab market attentionHere is what you need to know on Tuesday, August 20: Major currency pairs seem to have stabilized in the European morning on Tuesday as investors await the next catalyst.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Forex Today: Choppy market action continues as markets await next catalystHere is what you need to know on Wednesday, August 28: After edging lower and touching its weakest level in over a year near 100.50, the US Dollar (USD) Index stages a rebound toward 101.00 in the European session on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Forex Today: BoC policy announcements, mid-tier US data to grab market attentionHere is what you need to know on Wednesday, September 4: Major currency pairs continue to trade within familiar ranges early Wednesday as markets await the next catalyst.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Forex Today: All the attention goes to the US labour marketThe Greenback succumbed to expectations of a potential 50 bps rate cut by the Fed later this month after data signalled further cooling in the US labour market, all prior to crucial metrics later in the week.
Source: FXStreetNews - 🏆 14. / 72 Read more »