Watch More: Dukascopy TV
The Greenback weakened against the Eurozone's single currency, following the US Consumer Price Index data on Wednesday. The EUR/USD currency gained only two pips, or 0.01%, to continue fluctuating in the 1.2386 area.
The Bureau of Labor Statistics revealed lower-than-expected data in Consumer Price Index in March. On month-to-month basis CPI showed its first decrease in 10 months by 0.1%, compared to a growth of 0.2% in the prior month. However, economists had forecast it to stay unchanged, the drop was caused by the decline in gasoline costs. Moreover, rising prices for rental accommodation and healthcare continued to put pressure on underlying inflation.
| Historical Data Table: US CPI m/m | Economic Calendar for 12.04.2018 | ||||||||
| Date | 13.12.2017 | 12.01.2018 | 14.02.2018 | 13.03.2018 | 11.04.2018 | 12:30 AM | JPY BOJ Gov Kuroda Speaks | ||
| Actual | 0.40% | 0.10% | 0.50% | 0.20% | -0.10% | 12:30 PM | CAD NHPI m/m | ||
| Forecast | 0.40% | 0.10% | 0.30% | 0.20% | 0.00% | 12:30 PM | US Unemployment Claims | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.77499 | 0.77538 | 0.05% | AUD/USD | 74.21% | 25.79% | |||
| EUR/USD | 1.23882 | 1.239 | 0.01% | EUR/USD | 50.35% | 49.65% | |||
| USD/JPY | 106.789 | 106.736 | -0.05% | USD/JPY | 68.05% | 31.95% | |||
| NZD/USD | 0.73671 | 0.73688 | 0.02% | NZD/USD | 38.11% | 61.89% | |||