The widely watched US CPI inflation for April has just been released and showed that price growth eased slightly compared to March. The headline inflation dropped to 8.3% YoY in April from 8.5% in March vs expected 8.1% YoY. The Core CPI figure came in above the consensus estimate as well as it amounted to 6.2% YoY vs exp. 6.0% YoY and compared with 6.5% YoY in previous month.
EURUSD - today’s data provided some fuel for bears. The main currency pair is currently may be heading towards short-term support zone in the 1.0480 area. Source: xStation
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
Pick of the week: Can Brent crude stay below $100 per barrel?
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
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