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BREAKING: USD strengthens as US inflation came in line with expectations

2:33 PM 12 January 2023

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

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