USD Overview (11 March 2021)

Yesterday, USD weakened against most major currencies except CHF.

The CPI m/m data released yesterday indicated an increase in inflation due to the rise in gasoline prices. Without taking into consideration of gasoline prices, inflation slowed down as opposed to an expectation of an increase.

• CPI m/m (Actual: 0.4%, Forecast: 0.4%, Previous: 0.3%)
  
• Core CPI m/m (Actual: 0.1%, Forecast: 0.4%, Previous: 0.3%)
  

Earlier today, it was announced that the $1.9 trillion COVID-19 relief package has been passed and is expected to be signed by President Biden this Friday.