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The Greenback weakened against the single European currency, following the release of US consumer price index data. The EUR/USD currency pair soared 25 base points, or 0.20%, reaching the intraday's high of 1.2367.
The Bureau of Labour Statistics revealed on Tuesday that February consumer price index hit the forecasts, rising at a 0.2% pace, following the 0.5% upmove recorded in the previous month. The US Labour Department raised concerns that inflation is likely to accelerate, and, as a result, the Fed could hike interest rates faster than anticipated. Investors are carefully watching the situation in the market and looking for clues on how quickly the rates could be raised.
| Historical Data Table: US CPI m/m | Economic Calendar for 13.03.2018 | ||||||||
| Date | 15.11.2017 | 13.12.2017 | 12.01.2018 | 14.02.2018 | 13.03.2018 | 2:15 PM | CAD BOC Gov Poloz Speaks | ||
| Actual | 0.10% | 0.40% | 0.10% | 0.50% | 0.20% | 9:45 PM | NZD Current Account | ||
| Forecast | 0.10% | 0.40% | 0.10% | 0.30% | 0.20% | 10:10 PM | RBA Assist Gov Kent Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 84.37 | 84.23 | -0.17% | AUD/USD | 58.34% | 41.66% | |||
| EUR/USD | 1.23421 | 1.23674 | 0.20% | EUR/USD | 41.10% | 58.90% | |||
| USD/JPY | 107.159 | 106.819 | -0.32% | USD/JPY | 65.50% | 34.50% | |||
| NZD/USD | 0.73288 | 0.73412 | 0.17% | NZD/USD | 40.00% | 60.00% | |||