EUR/USD: US CPI and Core CPI
The European Single Currency appreciated against the US Dollar, following the US CPI and Core CPI release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate gained 13 pips or 0.12% during a minute, right after the release. The European Single Currency kept going upwards after the data release to continue trading at the 1.1275 area against the US Dollar.
The Bureau of Labor Statistics released US CPI data that came out in line with expectations of 0.2%. Note, that the US Core CPI was released at the same time with the US CPI.
According to analysts at TD Securities: "Price pressures will benefit higher food and gasoline prices and another solid 0.2% increase in core CPI, leaving the latter unchanged at 2.2% y/y. There is a risk for a slight deceleration in the shelter, but we expect strength elsewhere, including tariff-related categories, medical care and airfares."
EUR/USD: US PPI and Core PPI
The European Single Currency depreciated against the US Dollar, following the US PPI and Core PPI release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.03% during a minute, right after the release. The European Single Currency continued trading at the 1.1300 area against the US Dollar.
The Bureau of Labor Statistics released US PPI data that came out lower-than-expected of 0.1% compare to forecasted 0.2%. Note, the US Core PPI was released at the same time with the US PPI.
"The Producer Price Index for final demand edged up 0.1 percent in February, seasonally adjusted," the U.S. Bureau of Labor Statistics announced today and added: "Final demand prices fell 0.1 percent in both January and December. On an unadjusted basis, the final demand index moved up 1.9 percent for the 12 months ended in February."
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