BREAKING: US inflation rate rises more than expected

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Annual inflation rate in the US rose to 2.6 in March from 1.7% in the previous month and above market expectations of 2.5%. The rate remains above 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, rose to 1.6 % in March from 1.3% in February and above market expectations of 1.5 %.

EURUSD - initially currency pair fell after data release however buyers manage to quickly regain control and price is testing the 50 SMA (green line). Source: xStation5

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