Prova la demo Apri un conto
Trading
CFD
Binarie
Cripto
Conto Corrente
B2B
Mercati
Chi siamo
Prova la demo Apri un conto

US CPI causes USD surge

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 13:30 GMT, the US government released the monthly Consumer Price Index data. US month-on-month inflation was revealed to be higher than forecast, as the CPI came in at 0.6% instead of 0.4%

The value of the US Dollar immediately surged, as the higher than expected inflation strengthened the case of the US Federal Reserve for monetary tightening. Namely, hiking interest rates in March.

The EUR/USD reacted to the news with a 48 base point or 0.42% decline over the span of five minutes.
Back to articles

Actual Topics

10 Feb 2022

14.02.-18.02. Inflation and Retail Sales week

During the week, the US, UK and Canada will release various inflation and retail sales data sets, which are set to reveal how consumers have been spending and how prices have changed in the top economies. On Tuesday, at 13:30 GMT, the US Producers Price Index data will reveal, how high is the inflation at the production level. On Wednesday, at 07:00

03 Feb 2022

07.02.-11.02. US CPI week

There will be one notable event during the week. On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT is set to impact the value of the US Dollar. Note that at the same time, the weekly US Unemployment Claims will be published. Meanwhile, crude oil traders are set to watch the

03 Feb 2022

ECB announces end of QE

On Thursday, at 12:45 GMT, the European Central Bank published its Main Refinancing Rate and Monetary Policy Statement. In general, the bank kept its rate at 0.00%, but revealed that it would end its quantitative easing policy. Quoting the statement: "In the first quarter of 2022, the Governing Council is conducting net asset purchases under the PEPP at a