Retail sales on Thursday will determine the future USD dynamics

The US dollar fell on Tuesday after the March inflation data release. The CPI increased 2.6% vs 1.7% a month earlier. The Core CPI increased only 1.6% vs 1.3%, respectively. Obviously, market participants were disappointed with the growth pace of core inflation, which doesn`t consider food and energy prices. Oil prices exactly have a significant impact on the CPI in recent weeks. The Core CPI is influenced not only by consumer activity within the United States but also by the price growth of imported goods from China. It happens not only in the United States but also in other developed countries. At the same time, … (full story)

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