FX markets

Daily Market View 13-01-2026

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1:21

US CPI Expected to see Softening in Prices, Despite Tariffs

1 Minute Market Rundown

The US dollar holds its ground following yesterday's post subpoena softening.
Major release of today is the US December inflation data expected at 13:30 (GMT).
With the Fed almost entirely focused on the jobs market, there is limited scope for today's reading to seriously impact markets.

USD-

The Dollar has managed to hold the line after a terrible start to the week off the back of the Department of Justice's issuing of subpoenas against Chairman Jerome Powell. Familiar old arguments of Fed independence were wheeled out, only with more impetus now that Powell's replacement is imminent.

Screenshot 2026-01-13 084608

With all of this ongoing, CPI is likely to be somewhat of a damp squib, especially considering the numbers are expected to stay essentially unchanged. Instead, in this year that has already been so heavily dominated by geopolitical affairs, tensions in Iran could be the next spark that insights this tinder box market we have.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote.

Today's Economic Calendar

Major Economic Releases (All times in GMT)

13:30 - US CPI (Dec)

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