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The Greenback weakened against the Eurozone's single currency, following the US CPI data release on Tuesday. The EUR/USD currency pair gained nine pips, or 0.08%, to continue fluctuating in the 1.1797 area.
The Bureau of Labor Statistics released Consumer Price Index data that came out in line with a forecast of 0.2%, staying unchanged from the previous period.
"The slow but steady upward pressure on inflation could tilt a majority of policymakers to lift their suggested interest rate forecast," said Sal Guatieri, a senior economist at BMO Capital Markets.
| Historical Data Table: US CPI m/m | Economic Calendar for 13.06.2018 | ||||||||
| Date | 14.02.2018 | 13.03.2018 | 11.04.2018 | 10.05.2018 | 12.06.2018 | 8:30 AM | UK CPI y/y | ||
| Actual | 0.50% | 0.20% | -0.10% | 0.20% | 0.20% | 8:30 AM | UK PPI Input m/m | ||
| Forecast | 0.30% | 0.20% | 0.00% | 0.30% | 0.20% | 8:30 AM | UK Core CPI y/y | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.75976 | 0.7606 | 0.11% | AUD/USD | 67.98% | 32.02% | |||
| EUR/USD | 1.17791 | 1.17889 | 0.08% | EUR/USD | 61.11% | 38.89% | |||
| USD/JPY | 110.382 | 110.332 | -0.05% | USD/JPY | 52.18% | 47.82% | |||
| NZD/USD | 0.7018 | 0.70259 | 0.11% | NZD/USD | 50.82% | 49.18% | |||