US inflation boosts US Dollar

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 12:30 GMT, US Consumer Price Inflation data was revealed to be higher than expected. The US Dollar reacted to the news with a spike upwards.

Commodity prices, stock market indices and peer currencies declined compared to the Dollar.

US CPI month on month increased by 0.4% instead of the expected 0.2%. Meanwhile, annual inflation has reached 8.2% instead of the expected 8.1%. Moreover, monthly core inflation was 0.6% instead of 0.4%.
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