# Inflation is the Key | OANDA

> OANDA previews a holiday-shortened week of key US data, including PCE and payrolls, ahead of a possible June Fed rate hike. It also notes Chinese yuan (CNH) volatility after a stronger CNY fixing and a funding squeeze, with the euro trading near 1.113 after a Greece headline.

- Date: 2017-05-30 · published 2017-05-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71216-inflation-is-the-key-oanda
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of a June Fed hike and US inflation data drive dollar direction, while yuan fixing changes affect Chinese import demand sentiment for dollar-priced feed commodities.

## Read by commodity

- DXY: bullish ▲
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-29 | [Peeling the Inflation Onion, Revisited](https://feedsoft.ai/events/34008-peeling-the-inflation-onion-revisited.md) | +1.1% | +0.9% |
| DXY | 2023-02-27 | [Why inflation in the U.S. is a problem for the Bank of Canada](https://feedsoft.ai/events/37582-why-inflation-in-the-u-s-is-a-problem-for-the-bank-of-canada.md) | -0.7% | -0.9% |
| DXY | 2024-11-14 | [Morning Bid: A twist in the U.S.'s inflation tale?](https://feedsoft.ai/events/11854-morning-bid-a-twist-in-the-u-s-s-inflation-tale.md) | -0.1% | -0.0% |
| DXY | 2024-01-30 | [AUD range bound ahead of key inflation data and Fed policy update - OFX (NZ)](https://feedsoft.ai/events/32399-aud-range-bound-ahead-of-key-inflation-data-and-fed-policy-update-ofx-nz.md) | +0.4% | +0.1% |
| DXY | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | +0.6% | -1.2% |
| USDCNY | 2025-08-04 | [China – the CNY and deflationary equilibrium](https://feedsoft.ai/events/10147-china-the-cny-and-deflationary-equilibrium.md) | -0.4% | -1.1% |
| USDCNY | 2024-08-23 | [CNY at a glance: Is the worst of China’s depreciation pressure over? \| ING THINK](https://feedsoft.ai/events/29028-cny-at-a-glance-is-the-worst-of-china-s-depreciation-pressure-over-ing-think.md) | -0.7% | -1.3% |
| USDCNY | 2018-12-13 | [The Yuan: Key Factors to Watch in 2019 - Caixin Global](https://feedsoft.ai/events/61796-the-yuan-key-factors-to-watch-in-2019-caixin-global.md) | +0.2% | -1.7% |

## Sources

- mynewsdesk.com: https://www.mynewsdesk.com/sg/oanda/news/inflation-is-the-key-243942

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.