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BREAKING: US CPI in line with expectations, USD weakens

1:37 PM 13 October 2020

U.S. CPI inflation data for September was released just a moment ago. Reading turned out to be in line with market expectations. Headline CPI came in at 0.2% MoM vs expected 0.2% while core CPI amounted to 0.2% MoM - in line with expectations as well. As far as year-over-year basis is concerned, CPI inflation rose from 1.3% to 1.4% (vs expected 1.4%) while core CPI came in at 1.7% (vs expected 1.7%). EURUSD gained  shortly after the release.

EURUSD was getting closer to the 1,18 mark following the CPI data announcement. Source: xStation5

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