US CPI data for January was released at 1:30 pm GMT. The headline price growth accelerated from 2.3% YoY in December to 2.5% YoY in January (exp. 2.4% YoY). Core measure remained unchanged at 2.3% YoY (exp. 2.2% YoY). EURUSD moved lower in a knee-jerk move but the scale of decline was minor. The pair is in a freefall mode and trades not far from 2017 swing level at 1.0850.
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