Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThe US CPI and Core CPI will be out on February 10 at 15:30 MT time. The consumer price index (CPI) shows the change in the price of goods and services purchased by consumers. There are two types of CPI: headline and core. The only difference is that the core indicator excludes food and energy prices due to their volatility.
Traders follow this indicator as the consumer prices account for a majority of overall inflation. The rise of inflation is important for the US dollar. Based on its level, the central bank decides about further monetary policy actions. If the CPI is higher, it is more likely that the Fed will raise interest rates, which will push the USD up.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
