The Greenback fell against the European single currency on encouraging US inflation and retail sales reports. The EUR/USD currency pair rose 20 base points or 0.17% to the 1.1858 mark, but lost the gains initially to return in the area below the 1.1800 level.
The Labour Department revealed that the US consumer inflation eased to 0.1% from 0.5% in October, while its core figure appreciated to 0.2% in the same period. Relatively strong readings pointed to the end of disinflationary trend, which worried the Fed the most. The report also showed a little slowdown in retail sales growth pace, though stronger consumers spending, including higher real wages and job gains are expected to encourage retailing in the next months.
