FX markets

Daily Market View 13-02-2026

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0:59

USD Range Bound Ahead of CPI Release

1 Minute Market Rundown

Relatively static start to the morning ahead US CPI data at 13:30 today.
Dollar rallies modestly against the Euro as some contrary speculation to the established expectation of no-March Fed cut arises.
Most forecasts foresee a drop in headline CPI from 2.7% to 2.5%.

USD-

A slightly quieter end to the week after the flurry of activity that followed the Wednesday jobs print as the Fed's clear favouring of the full employment aspect of their mandate side-lines inflation. Of course, estimates of a cut come the March meeting have already fallen from 22% on Tuesday to just 6% following the Wednesday meeting.

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Naturally, when all the bets are going one way, it can be worth a bet to the contrary, as many traders are experimenting with this morning. Most expect a drop in inflation, mostly as energy prices continue to tumble, although an upside shock from tariffs remains a spectre .

Markets Today

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

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