Trading Ranges Shrink Ahead of US Inflation Data
Price action is slowing and the dollar is holding steady against its counterparts in the foreign exchange markets as investors brace for the biggest US consumer price index print since… well, since the last one. Economists surveyed by the major data providers expect the Bureau of Labor Statistics to report a 0.3-percent rise in both headline and core price measures for the month of March – a result which would indicate that January and February’s hotter-than-expected prints were temporary aberrations in a longer-term cooling process. Some risk has likely been taken off the table: Equity indices and risk-sensitive currencies swooned...