The US consumer price index (CPI) is due to be released on July 13, 2023.
The US consumer price index (CPI) is due to be released on July 13, 2023.
Market expectations are for the headline CPI to decline to 3.1% year-on-year from 4% in June.
Market expectations are for the headline CPI to decline to 3.1% year-on-year from 4% in June.
The core CPI is expected to decline to 5.0% year-over-year from 5.3% in June.
The core CPI is expected to decline to 5.0% year-over-year from 5.3% in June.
If the CPI data comes in below expectations, it could boost risk appetite and support the US dollar.
If the CPI data comes in below expectations, it could boost risk appetite and support the US dollar.
If the CPI data comes in above expectations, it could weigh on risk appetite and pressure the US dollar.
If the CPI data comes in above expectations, it could weigh on risk appetite and pressure the US dollar.
Asian stocks are mixed in early trading on July 12, 2023.
Asian stocks are mixed in early trading on July 12, 2023.
The Nikkei is down 0.77%, the ASX is up 0.32%, and the KOSPI is up 0.18%.
The Nikkei is down 0.77%, the ASX is up 0.32%, and the KOSPI is up 0.18%.
Chinese equities have seen some gains, with the Nasdaq Golden Dragon China Index up 1.6%.
Chinese equities have seen some gains, with the Nasdaq Golden Dragon China Index up 1.6%.
The US dollar is trading mixed against its major counterparts.
The US dollar is trading mixed against its major counterparts.
The euro is up 0.12% against the US dollar, the yen is down 0.15%, and the pound is up 0.10%.
The euro is up 0.12% against the US dollar, the yen is down 0.15%, and the pound is up 0.10%.