The widely watched US CPI inflation for December has just been released. The data came in line with market expectations as the headline inflation rose to 7.0% YoY in December and compared to 6.8% in November. The Core CPI figure came in above the consensus estimate as as it amounted to 5.5% YoY (vs exp. 5.4% YoY) and compared with 4.9% YoY in November.
It is the highest inflation level since June of 1982. Source: Macrobond, XTB Research
EURUSD is trading higher today and CPI data provided more fuel for bulls. The main currency pair broke above a short-term resistance zone in the 1.1370 area. Source: xStation5
Daily summary: Gold surges 2%, Nasdaq drags down sentiments on Wall Street
NFP triggers a dollar sell-off – key takeaways from the June report
🟡Gold Regains Luster Thanks to Weak NFP
BREAKING: US NFP report lower than expected 🚩 US100 reacts