According to foreign media surveys, the overall monthly CPI rate in the United States in August is expected to rise by 0.3%, up by 0.2% last month; The monthly rate of core CPI is expected to increase by 0.2% in August, which is the same as that of last month.
The survey also shows that the overall CPI annual rate in the United States is expected to increase by 2.8% in August and 2.9% last month; The annualized rate of core CPI is expected to climb by 2.4% in August, compared with 2.4% last month, the biggest increase since September 2008.
At 20:30 Beijing time on Friday, the United States will release retail sales data. Given its consistent influence, data performance may have a significant impact on the market.
According to foreign media surveys, the monthly retail sales rate in the United States in August is expected to increase by 0.6%, higher than the previous month's 0.5%; The monthly rate of core retail sales is expected to increase by 0.6% in August, higher than 0.6% in the previous month.
Because the Federal Reserve emphasizes that the interest rate decision will depend on economic data, and consumer spending accounts for about 70% of the US economic output, the US retail sales data will often set off "stormy waves" in the financial market, so it is called "horror data".
Analysts pointed out that if the US economic data is strong this week, it is expected to push the US dollar to rise further, while the gold price will face further downward pressure.
Sireen Harajli, forex strategist at Mizuho, said that the key level of the ICE dollar index is 95.6. Once we break through, we think there will be more room for growth.