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
Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%
BREAKING: Canadian Wholesale & Manufacturing Sales higher than expected 📊USDCAD reacts
BREAKING: EU GDP data slightly above expectations! 📈💶
DE40: European markets extend decline