USD: Will today be another poor day for US data releases?

Yesterday’s data releases painted a negative view, with both capacity utilization (used to monitor available resources being utilized by manufacturers) and industrial production falling against the expectation. US Federal Reserve member Fischer was due to speak overnight.

Today we can look forward to the Consumer Price Index (CPI) figure. A measure of inflation, this is expected to show a small increase on the previous month. It is expected to fall in line with the producer inflation data that posted a similar result.