EUR/USD: US CPI

The European Common Currency depreciated against the US Dollar, following the US CPI data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 16 pips or 0.15% right after the release. The Euro continued trading at 1.1265 the level against the Greenback.

Bureau of Labor Statistics released the US Core CPI data, which came out better-than-expected of 0.3% compared with the forecast of 0.2%.

According to the official release: "The index for all items less food and energy rose 0.3 in June, its largest monthly increase since January 2018. Along with the indexes for shelter, used cars and trucks, and apparel, the indexes for household furnishings and operations, medical care, and motor vehicle insurance were among the indexes that increased in June. The indexes for recreation, airline fares, and personal care all declined in June."