The Greenback depreciated significantly against the Euro on the US economic reports on Friday. The EUR/USD exchange rate jumped 61 base points or 0.52% to enter the 1.1870 area close to the weekly high. Though, the pair gradually returned to pre-data levels, as the EUR/USD remained under the bearish sentiment, putting an exchange rate lower.
The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period. Separate report showed a 1.6% increase in the country's retail sales, where its sustainable firmness could cause a cease of low inflation trend and confirm the Fed's stance to raise interest rates anytime soon.
| Historical Data Table: US Consumer Price Index m/m | Economic Calendar for 16.10.2017 | ||||||||
| Date | 14.06.2017 | 14.07.2017 | 11.08.2017 | 14.09.2017 | 13.10.2017 | 9:00 AM | EU Trade Balance | ||
| Actual | -0.1% | 0.0% | 0.1% | 0.4% | 0.5% | 2:30 PM | BoC Business Outlook Survey | ||
| Forecast | 0.2% | 0.1% | 0.2% | 0.3% | 0.6% | 9:45 PM | NZD CPI m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.78277 | 0.78778 | 0.64% | AUD/USD | 41.77% | 58.23% | |||
| EUR/USD | 1.18081 | 1.1869 | 0.52% | USD/CHF | 56.90% | 43.10% | |||
| USD/JPY | 112.27 | 111.736 | -0.48% | USD/JPY | 43.59% | 56.41% | |||
| NZD/USD | 0.71344 | 0.71802 | 0.64% | NZD/USD | 52.30% | 47.70% | |||