As a fresh week gets underway, the focus will shift over to the inflation outlook in both the UK and US, with the latest August prints due out from both regions.
Last week saw weakness across equity markets which translated into volatility throughout FX markets. The greenback encountered both strong demand and also significant softness as the week progressed.
The market will be eager to observe the US inflation print and will react accordingly. A print above 5% again should concern participants enough to keep the risk tone underpinned.
Also on the agenda is retail sales data and, once again, reports are scheduled from both the UK and US. A busy week ahead that should produce further volatility across the FX space.
Have a good week.
Written by Viv Savani. 8:17am, September 13th 2021
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