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17 Apr 2015
EUR/USD trims gains after US CPI
FXStreet (Córdoba) - EUR/USD edged lower after data showed US consumer prices increased for the second consecutive month in March.
US CPI up 2% in March
US consumer price index (CPI) rose a seasonally adjusted 0.2% in March, matching consensus and last month reading. However, YoY prices declined by 0.1% versus a flat reading expected. Excluding the volatile food and energy categories, so-called core prices climbed 0.2% MoM and 1.8% YoY.
Earlier on the day, Eurozone CPI came in line with expectations, contracting 0.1% YoY but rising 1.1% MoM. EUR/USD reached a high of 1.0848 but failed to sustain gains.
EUR/USD came under pressure and fell below the 1.0800 mark toward the 1.0770 area as the greenback benefited from signs of stabilizing inflation. At time of writing, the pair is trading at 1.0780, still up 0.16% on the day.
US CPI up 2% in March
US consumer price index (CPI) rose a seasonally adjusted 0.2% in March, matching consensus and last month reading. However, YoY prices declined by 0.1% versus a flat reading expected. Excluding the volatile food and energy categories, so-called core prices climbed 0.2% MoM and 1.8% YoY.
Earlier on the day, Eurozone CPI came in line with expectations, contracting 0.1% YoY but rising 1.1% MoM. EUR/USD reached a high of 1.0848 but failed to sustain gains.
EUR/USD came under pressure and fell below the 1.0800 mark toward the 1.0770 area as the greenback benefited from signs of stabilizing inflation. At time of writing, the pair is trading at 1.0780, still up 0.16% on the day.