CPI (CNY) – 08/06

 

What is it? It checks the change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.

When? June 8th at 9:30pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.

 

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