EUR/USD: US CPI

The European Common Currency depreciated against the US Dollar, following the US CPI data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost 14 pips or 0.13% right after the release. The Euro continued trading at the 1.1215 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 July, the same increase as in June. The July rise was broad-based, with increases in the indexes for shelter, medical care, airline fares, household furnishings and operations, apparel, and personal care all contributing to the increase. The index for new vehicles was one of the few to decline in July."