EUR/USD moves 20 pips due to US CPI

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Wednesday, at 13:30 GMT the United States Bureau of Labor Statistics published the country's Consumer Price Indices. The monthly Consumer Price Index came in line with expectations at 0.4% growth. Meanwhile, the Core Consumer Price Index slightly disappointed, as it was below the forecast 0.2%. Namely, the Core CPI was at 0.1%.

Due to this reason, an adjustment in US Dollar's value downwards occurred. On the EUR/USD it took the form of a 24 pip or 0.20% five minute surge. Afterwards, the rate extended the surge to 37 pips.



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