US inflation data causes USD volatility

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


At 13:30 GMT, on Wednesday, the US statisticians published monthly US inflation data. The numbers were higher than forecast, which caused a short lived USD surge.

For example, the EUR/USD currency exchange rate dipped 24 base points or 0.21%. However, the pair returned to previous levels after just 15 minutes.

The data caused the drop due to the US Consumer Price Index being at 0.9% instead of the forecast 0.6%. Meanwhile, the US Core Consumer Price Index was at 0.6% instead of forecast 0.4%.
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