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The Greenback weakened against the Eurozone's single currency, following US CPI data release on Thursday. The EUR/USD currency pair gained 40 pips, or 0.34%, in the 10 minute timeframe, however reversed later on and retraced back to where it was before the release.
The Bureau of Labor Statistics released two datasets simultaneously from which Consumer Price Index came out lower-than-expected of 0.2%, compared to negative 0.1% in the previous period. Similarly, Core Consumer Price Index too came out lower-than-expected of 0.1%, compared to 0.2% in the previous month.
The Department of Labor released Unemployment Claims data at the same time, which came out better-than-expected of 211K.
| Historical Data Table: US CPI m/m | Economic Calendar for 11.05.2018 | ||||||||
| Date | 12.01.2018 | 14.02.2018 | 13.03.2018 | 11.04.2018 | 10.05.2018 | 12:30 PM | CAD Employment Change | ||
| Actual | 0.10% | 0.50% | 0.20% | -0.10% | 0.20% | 12:30 PM | CAD Unemployment Rate | ||
| Forecast | 0.10% | 0.30% | 0.20% | 0.00% | 0.30% | 12:30 PM | US Import Prices m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 148.272 | 148.165 | -0.07% | AUD/USD | 72.69% | 27.31% | |||
| EUR/USD | 1.18806 | 1.19207 | 0.34% | EUR/USD | 66.83% | 33.17% | |||
| USD/JPY | 109.596 | 109.316 | -0.26% | USD/JPY | 45.94% | 54.06% | |||
| NZD/USD | 0.69343 | 0.6967 | 0.47% | NZD/USD | 55.41% | 44.59% | |||