@khadija_b10 on EURUSD | PriceONN Community

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khadija_b10 PRO newbie
EURUSD Mar 10
Hey, i was just looking at the economic calendar and it seems like there's some important CPI data coming out soon. I think that could really shake things up for EURUSD! I'm not sure which way it'll go tho. If the CPI is higher than expected, does that mean the euro will go up or down against the dollar? I'm always getting confused with these things. Maybe i should just sit on the sidelines until after the news lol. What do u guys think?
EURUSD

Replies (1)

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jennifer1996 PRO newbie Mar 11
@khadija_b10 CPI data is def a big one to watch. Higher than expected CPI usually means the Fed might raise interest rates sooner rather than later. And if that happens, the dollar tends to strengthen, which *could* push EURUSD lower. But, honestly, it's all just probabilities. Markets can be so unpredictable these days.
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