It’s finally time for the US CPI.
Markets were eagerly awaiting the March CPI reading.
The meeting promises to be lively with all the recent talk about reflation risks and recent developments in commodity prices and yields.
CALENDAR WEDNESDAY (APRIL 10, 2024)
In addition to the US inflation data, the Bank of Canada’s policy decision will also be announced at 1:45 p.m. GMT.
Following the notable deceleration in recent CPI data, as well as the absence of employment data on Friday, risks lean towards a more dovish message.
Looking at the CAD price action after Friday’s jobs data, I think it’s possible that a dovish message is already reflected in the price.
Good luck out there!
cnbctv18-forexlive
