big day tomorrow

Thursday, June 12th @ 8:49 PMpost viewed 94 times

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Today is a big day for USD with inflation data coming out.

We have seen pro-dollar movement this week on the back of Fed officials making a lot of noise about inflation.

If the actual data is not as bad then it's going to open flood gates for USD. There is a very good video on why this CPI data may not be as bad as expected on PFX by John Jaggerson.

http://www.pfxglobal.com/forex-video-archives/is-all-the-inflation-talk-overblown.html

Don't jump the gun though. Wait till tomorrow.

Patience pays.

cheers,

Kaustubh