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The Greenback fell against the European single currency on encouraging US inflation and retail sales reports. The EUR/USD currency pair rose 20 base points or 0.17% to the 1.1858 mark, but lost the gains initially to return in the area below the 1.1800 level.
The Labour Department revealed that the US consumer inflation eased to 0.1% from 0.5% in October, while its core figure appreciated to 0.2% in the same period. Relatively strong readings pointed to the end of disinflationary trend, which worried the Fed the most. The report also showed a little slowdown in retail sales growth pace, though stronger consumers spending, including higher real wages and job gains are expected to encourage retailing in the next months.
| Historical Data Table: US Core CPI m/m | Economic Calendar for 16.11.2017 | ||||||||
| Date | 14.07.2017 | 11.08.2017 | 14.09.2017 | 13.10.2017 | 15.11.2017 | 9:30 AM | UK Retail Sales | ||
| Actual | 0.10% | 0.10% | 0.20% | 0.10% | 0.20% | 1:30 PM | Canadian Manufacturing Sales | ||
| Forecast | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 1:30 PM | US Import Prices | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.76024 | 0.76201 | 0.23% | AUD/USD | 59.66% | 40.34% | |||
| EUR/USD | 1.18383 | 1.18585 | 0.17% | EUR/USD | 43.51% | 56.49% | |||
| USD/JPY | 112.695 | 112.495 | -0.18% | USD/JPY | 40.51% | 59.49% | |||
| NZD/USD | 0.69065 | 0.69183 | 0.17% | NZD/USD | 54.94% | 45.06% | |||