Economic calendar for the week 17.07.2023 – 23.07.2023

Despite the correction at the end of last week, the DXY dollar index fell significantly by about 2.3%.

Market participants focused on US inflation data released last Wednesday. According to it, consumer inflation in the US fell to 3.0% in June (which is lower than the forecast of 3.1% and the previous value of 4.0%). This was the 12th consecutive monthly slowdown in US inflation since it hit a 40-year high of 9.1% in June 2022.

While inflation is still above the Fed's 2% target, it is expected to slow steadily, according to the data. Expectations of a 0.25% increase… Read full author’s opinion and review in blog of #LiteFinance