The annual inflation rate in the US slowed for a 6th month to 6.5% in December, from 7.1% in November, in line with forecasts of 6.5%.
Closely watched core CPI reading, which excludes food and energy, fell to 5.7% YoY in December, from 6.0% in November also in line with market expectations.
EURUSD is rather unimpressed by today's CPI data. Pair initially rose sharply only to pull back to support at 1.0738. Source: xStation5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰