📊💵 Dollar Highly Sensitive to Inflation Releases: Cable FX Macro
- Rosbel Durán
- Oct 12, 2022
- 1 min read
The dollar has risen in the last 7/12 inflation report releases. A greenback benchmark built by Bloomberg is up 0.25% on average on U.S. inflation figures day
The largest USD decline over the last year was seen in the July report, inflation surprised to the downside and the dollar finished the day down 0.27%
As shown below, over the last year, the dollar has been highly sensible to inflation reports. When the figures surprise to the upside, the USD tends to finish the day positive
Inflation days are becoming more volatile, the best and worst BBDXY days are recorded in the July and August CPI reports, the latter saw the benchmark finish up 0.63%
The bottom chart shows the BBDXY % performance 30 minutes preceding the event. The upper/lower bounds represent a 1-std deviation from the mean response
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