The European Common Currency traded sideways against the US Dollar, following the US CPI data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 5 pips or 0.04% right after the release. The Euro continued trading at the 1.1025 level against the Greenback.
The Bureau of Labor Statistics released the US Core CPI data, which came out worse-than-expected of 0.1% compared with the forecast of 0.2%.
According to the official release: “The index for all items less food and energy rose 0.1 percent in September after increasing 0.3 percent in each of the last 3 months. Along with the shelter index, the indexes for medical care, household furnishings and operations, and motor vehicle insurance all rose in September. The indexes for used cars and trucks, apparel, new vehicles, and communication all declined.”
