EUR/USD: US CPI

The European Common Currency appreciated against the US Dollar, following the US CPI data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate gained 16 pips or 0.14% right after the release. The Euro continued trading at the 1.1335 level against the Greenback.

Bureau of Labor Statistics released the US Core CPI data, which came out worse-than-expected of 0.1% compared with forecast 0.2%.

According to the official release: "The food index rose 0.3 percent in May after declining in April, with the food index accounting for nearly half of the May seasonally adjusted all items monthly increase. The energy index fell 0.6 percent in May, with the gasoline index falling 0.5 percent and the indexes for electricity and natural gas also declining in May. The index for all items less food and energy increased 0.1 percent for the fourth consecutive month. The indexes for shelter, medical care, airline fares, education, household furnishings and operations, and new vehicles all rose in May. The indexes for used cars and trucks, recreation, and motor vehicle insurance were among those that declined over the month."