HomeContributorsFundamental AnalysisEUR/USD: US Consumer Prices Index

EUR/USD: US Consumer Prices Index

The Greenback depreciated significantly against the Euro on the US economic reports on Friday. The EUR/USD exchange rate jumped 61 base points or 0.52% to enter the 1.1870 area close to the weekly high. Though, the pair gradually returned to pre-data levels, as EUR/USD remained under the bearish sentiment, putting an exchange rate lower.

The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period. Separate report showed a 1.6% increase in the country’s retail sales, where its sustainable firmness could cause a cease of low inflation trend and confirm the Fed’s stance to raise interest rates anytime soon.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading

Making use of a Trading Journal

Self-Sabotage Revealed