BREAKING: US inflation rate below forecasts

Annual inflation rate in the US remained unchanged in January at 1.4%. Today's reading came in below market expectations of 1.5%. The rate remains well below 2.3% recorded in February 2020 before the coronavirus pandemic hit.

US core consumer price inflation, which excludes volatile items such as food and energy, fell to 1.4% in January from 1.6% in December and below market expectations of 1.5 %.

EURUSD price rose after today's data releases and is heading towards the next resistance level at 1.2150. Source:xStation5

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