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US Dollar down as CPI cooled down in December – LIVE
December Consumer Price Index (CPI) data from the US was below market expectations, fueling risk-on trading. The US Dollar fell as immediate reaction to the news, as Wall Street jumped. Optimism reigns in the near term.
EUR/USD wavers near 1.0300 ahead of US CPI
EUR/USD keeps its range near 1.0300 in the European trading hours on Wednesday. The pair treads water amid a tepid risk sentiment ahead of the US CPI inflation data release. Subdued US Dollar supports the pair, offsetting the dovish ECB commentary.
GBP/USD flirts with 1.2300 after UK, US inflation figures
GBP/USD extends recovery towards 1.2300 ahead of the American opening. The Pound Sterling shakes off a surprise cooldown in the UK inflation. The December UK CPI inflation fell to 2.5% YoY vs. 2.7% expected. US CPI also came below the market expectations.
Gold extends gains, nears $2,700
Gold’s price recovered initial weekly losses and edges higher for the second day in a row, approaching the $2,700 mark of broad US Dollar's weakness. Risk appetite limits demand for the safe-haven metal.
Eurozone industrial production ticked up in November
The slight 0.2% rise in production from October is insufficient to indicate a reversal of the two-year downward trend. Overall, the outlook for industry remains quite weak at the start of the year.
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