EUR/USD: US CPI

The European Common Currency appreciated against the US Dollar, following the US CPI data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate gained 13 pips or 0.11% right after the release. The Euro continued trading at the 1.1242 level against the US Dollar.

Bureau of Labor Statistics released the US CPI data, which came out worse-than-expected of 0.3% compared with expected 0.4%.

According to the release: " The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment."