𝗟𝗲𝘁’𝘀 𝗹𝗼𝗼𝗸 𝗮𝘁 𝗻𝗲𝘄 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀!
US CPI - April 12, 15:30 MT time
BOC Monetary policy report - April 13, 17:00 MT time
ECB Monetary policy statement - April 14, 14:45 MT time
The consumer prices index accounts for most of the overall inflation. This data might greatly impact the dollar. There may be big moves in EURUSD, USDCAD, and GBPUSD.
The CAD has been strengthening against other currencies for already one month. A more hawkish BOC monetary policy statement might push the Canadian dollar even higher. Last time the BOC increased the key rate to 0.5%. As a result, USDCAD lost 600 points within 14 hours. This time, great moves are also expected in USDCAD.
EUR keeps plunging against other currencies due to the energy crisis in Eastern Europe. The monetary policy statement might support the European currency. If the ECB statement is more hawkish than was predicted, EUR will rise against other currencies. Otherwise, it will fall.
