This week, the focus of many traders will be on US inflation data, which will provide valuable insights into the Federal Reserve's monetary policy outlook.
The forecasts indicate a potential 0.2% increase in both headline inflation for December and the core rate. On an annual basis, the headline inflation rate is anticipated to rebound to 3.2% from November's five-month low of 3.1%. Meanwhile, the core rate is likely to ease to 3.9%, the lowest since May 2021. This crucial data will be released on Thursday.
In the midst of the US inflation focus, there are noteworthy inflation data releases from other countries, including Switzerland, Australia, Mexico, Brazil, China, India, and Russia. This diverse set of data presents many potential trading opportunities for USD pairs throughout the week:
Monday: Switzerland Inflation Rate
Tuesday: Australia Monthly CPI Indicator
Tuesday: Mexico Inflation Rate
Thursday: Brazil Inflation Rate (before US inflation data)
Thursday: China Inflation Rate (after US inflation data)
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