Free Trial

Focus on US CPI, Early Greenback Strength Eases Ahead Of Data

LATAM
  • Focus for today’s session is US March CPI where the consensus has the headline print surging +1.2% M/M in Feb on sharp rises in energy (~12% M/M) and less so food (1% M/M). That would see year-on-year inflation rise further from 7.9% to 8.4%.
  • The March inflation report arrives as almost 100bps in cumulative hikes are priced for the next two FOMC meetings.
  • Despite a small push higher in the greenback earlier today, the Bloomberg Dollar Index has come off its best levels, close to unchanged for Wednesday. The latest bounce in equities has supported the Mexican peso, which has risen a further 0.5% on Tuesday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.