USD Trading Opportunities
Despite consumer prices increasing in the US in December 2020, inflation has remained stagnant as the country continues its battle against both COVID-19 and the economic hardship wrought on the labor and services markets.
Will this trend continue as the US releases its Consumer Price Index (CPI) for January 2021 today at 13:30 GMT?
CPI is a great indicator of inflationary pressure, which in turn affects the country’s policy on interest rates and therein the US dollar. Hence, it’s time for them to trade major pairs!
It’s prime time to trade major pairs!
The US consumer price index (CPI) for January 2021 will be issued today at 13:30 GMT, bringing with it some good opportunities to trade USD.
Keep your eyes open for the announcement & prepare your positions!
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