The European Common Currency traded sideways against the US Dollar, following the US CPI release on Thursday at 13:30 GMT. The GBP/USD exchange currency rate lost 4 pips or 0.04% after the release. The Euro continued trading at the 1.0850 level against the Greenback after the release.
The Bureau of Labor Statistics released the US CPI data, which came out worse-than-expected of 0.1% compared with the forecast of 0.2%.
According to the official release: "The index for shelter accounted for the largest part of the increase in the seasonally adjusted all items index, with the indexes for food and for medical care services also rising. These increases more than offset a decrease in the gasoline index, which fell 1.6 percent in January. The energy index declined 0.7 percent, and the major energy component indexes were mixed. The index for food rose 0.2 percent in January with the indexes for both food at home and food away from home increasing over the month."
| Date | 10.10.19 | 13.11.19 | 11.12.19 | 14.01.20 | 13.02.20 |
|---|---|---|---|---|---|
| Actual | 0.0% | 0.4% | 0.3% | 0.2% | 0.1% |
| Forecast | 0.1% | 0.3% | 0.2% | 0.2% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.67371 | 0.67343 | -0.04% |
| EUR/USD | 1.08617 | 1.08596 | -0.02% |
| NZD/USD | 0.64582 | 0.64543 | -0.06% |
| USD/JPY | 109.739 | 109.768 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 75.0% | 25.1% |
| EUR/USD | 48.1% | 51.9% |
| NZD/USD | 72.7% | 27.3% |
| USD/JPY | 28.2% | 71.8% |
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