The U.S Dollar extended its advance earlier this week, meanwhile, traders await the latest change in inflation scheduled for tomorrow. Those figures are very important as the FED continues to monitor actively inflation levels to determine its next monetary policy move.
The CPI is expected to have declined in March from 0.4% to 0.2%, if the figures match expectations, investors might think that the FED will have to pause its rate hike program sooner and we will likely see another selling pressure in the US Dollar. On the other side, higher-than-expected numbers can push the US central bank to wait for longer before reviewing its current monetary policy which can benefit the US Dollar in the near term.
Below, we will be analyzing the latest price action developments in the major currency pairs alongside gold.