Forex Today: Quiet markets ahead of US CPI

It's US CPI day. Those numbers will trigger actions and are crucial before next week's FOMC meeting. During the Asian session, Japan will release the

edged higher to 4.3% after a decrease in employment by 207K. Average hourly weekly earnings rose 8.5% compared to the previous year, exceeding market consensus of 8.2%. Following these numbers, the Pound weakened. On Wednesday, the UK will report July GDP, Industrial Production, and trade data.approached the monthly low but then rebounded towards 1.2500. The bias remains on the downside, holding above the 200-day Simple Moving Average at 1.2440.reached a weekly high at 1.

The Canadian Dollar outperformed the NZD and the AUD, supported by the rally in crude oil prices. The WTI barrel broke above $88.00 and then $89.00, reaching fresh monthly highs.Precious metals had mixed performance, withtumbled to the lowest level in two weeks at $1,907, even as US yields remained relatively steady.Like this article? Help us with some feedback by answering this survey:

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