US inflation causes volatility

Source: Dukascopy Bank SA


The United States have just released the monthly Consumer Price Index data sets. In general, the event caused large volatility of the Dollar, as the released data was mixed.

United States annual inflation has decreased from 3.2% to 3.1%. This data set caused an initial drop of the USD.

Meanwhile, the US month on month CPI had increased by 0.1% instead of the market expected 0.0% change. Due to this deviation from forecast revealing that inflation is higher than in October, volatility had increased on both sides.

Moreover, the Core CPI had increased month on month from 0.2% up to 0.3%. The larger core inflation was expected due to the higher energy prices that eventually should impact the costs of the consumers.
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