US data may not save the dollar this week

//US data may not save the dollar this week

The US consumer price index, retail sales and industrial production are all scheduled for release this week but whatever the actual results are the markets will keep the odds for a September rate cut high as the US-Sino trade trouble looks irreversible in the year ahead. Instead, the question should be how aggressively the Fed should act to balance the economy. The Consumer Price Index (CPI) for the month of July will come first into view on Tuesday at 1230 GMT and analysts are positive for a small acceleration in the index. Particularly, the headline CPI is projected to inch up by 0.1 percentage points to 1.7% … (full story)