FXStreet (Mumbai) – As per Danske Bank analysts, the US CPI is the most important release for the day, followed by US housing starts and Fed vice chairman Fisher’s speech.
Key Quotes
“Our models point to an above-consensus core CPI of 0.3% m/m in June (consensus 0.2% m/m) following a low reading in May of 0.1% m/m. Core CPI momentum has edged higher in the past months. Note, though, that the Fed is targeting the PCE deflator, which has stayed subdued.”
“US Fed vice chairman Stanley Fischer (voter, neutral) speaks today on the Fed’s near-term and long-term priorities. Focus will be on any signals regarding the timing of a lift-off following Yellen’s slightly more upbeat tone in the semi-annual testimony.”
“US housing starts are expected to rebound in June following a big decline in May. Building permits on the other hand rose strongly in May and are expected to fall back in June.”
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