The European Common Currency depreciated against the US Dollar, following the US CPI data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 16 pips or 0.15% right after the release. The Euro continued trading at 1.1265 the level against the Greenback.

Bureau of Labor Statistics released the US Core CPI data, which came out better-than-expected of 0.3% compared with the forecast of 0.2%.

According to the official release: "The index for all items less food and energy rose 0.3 in June, its largest monthly increase since January 2018. Along with the indexes for shelter, used cars and trucks, and apparel, the indexes for household furnishings and operations, medical care, and motor vehicle insurance were among the indexes that increased in June. The indexes for recreation, airline fares, and personal care all declined in June."



EUR/USD: US FOMC Meeting Minutes

The European Common Currency traded sideways against the US Dollar, following the US FOMC Meeting Minutes data release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 2 pips or 0.02% right after the release. The Euro continued trading at the 1.1254 level against the Greenback.

The Federal Reserve released the US FOMC Meeting Minutes data , where the US policymakers provide in-depth insights into the economic and financial conditions that influenced their vote on where to set interests rates.

According to the official release: "Investors' concerns about downside risks to the economic outlook weighed on financial markets over the intermeeting period. Market participants cited negative news about international trade tensions and, to a lesser extent, soft U.S. and foreign economic data as factors that contributed to these developments. Nominal Treasury yields posted notable declines and the expected path of policy shifted down considerably over the period. Equity prices declined, on net, and corporate bond spreads widened. However, financing conditions for businesses and households generally remained supportive of economic growth."


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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD holds onto gains around 1.1150 amid Brexit, trade headlines

EUR/USD is trading around 1.1150, holding onto gains. The common currency was swept higher with Brexit optimism and after China said concrete progress with the US. The USD remains on the back foot.


GBP/USD tops 1.30 amid upbeat Brexit developments

GBP/USD has topped 1.30, a fresh five-month high, as parliament is set to debate the detailed Brexit bill, with the EU ready to grant an extension. The DUP is set to reject a customs union amendment.


USD/JPY ticks higher, up little around mid-108.00s

The USD/JPY pair edged higher on the first day of a new trading week and is currently placed at session tops, just above mid-108.00s.


Top 3 price prediction BTC, ETH, XRP: Building on future profits

The trading week is kicking off with a continuation of the last week's scenario. The consolidation process continues and deepens, especially in the relationship between Ethereum and Bitcoin.

Read more

Gold: Sidelined near $1,490 after PBOC's rate decision

Gold's struggle for clear directional bias continues after the People's Bank of China's (PBOC) interest rate decision. The yellow metal has been restricted largely to a narrow range of $1,500 to $1,480 since last Monday.

Gold News

Forex Majors