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Friday 15 March 2013

USDCAD Charts ahead of CPI

Weekly Usdcad

ahead of CPI
Mar 15
12:30 GMT		1.9%
Consensus		1.6%
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Daily Charts

The Consumer Price Index released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).



The result 
Posted by kas at 03:20

3 comments:

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