Inflation

From the central bank statements to retail sales data, here are the most important UK economic events for currency traders, along with their impacts and chart examples.

Experts believe that Canada's inflation trend will continue to decline, so the economy does not require further interest rate increases.

The UK inflation data misses consensus estimates, causing market participants to have increased doubts about interest rate prospects and the pound sterling.

The US inflation data doesn't really have a huge impact. But it stabilizes the dollar across various major currency pairs.

Eurozone inflation data eases pressure on the European Central Bank (ECB) to raise interest rates further, causing EUR/USD to remain subdued.

The US Dollar solidifies its position in the forex market despite the absence of new breakthroughs in major pairs.

The US inflation confirms the minimal prospects for the next Fed interest rate hike. However, analysts argue that the effects of the data are less significant.

Higher-than-expected US inflation data could prompt the Fed to raise interest rates again, but the current market anticipates weaker data.

This morning's inflation data in Japan revealed a continuous rise, albeit falling short of the consensus estimate.

The inflation data from the UK triggered a decline in expectations of a higher interest rate in the UK, consequently causing a drop in the value of the pound sterling against various major currency pairs.