"The January CPI report was a touch softer in the flat monthly headline print while core printed a strong 0.2% m/m gain," note TD Securities analysts.
"Overall, base effects and dropping oil prices pulled annual headline inflation to a 19-month low of 1.6%, while core held steady at 2.2% y/y. The Fed remains patient, and today's report should keep them on track for an additional hike or two this year."
"FX: The FX market continues to stick to pre-existing ranges, with the USD a touch stronger the on data. Focus remains on geopolitics and risk appetite, though, given the scope for a US/China trade truce and discussions around Brexit."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.