The widely watched US CPI inflation for March has just been released and showed a massive acceleration in price growth as energy prices remain elevated, raising further concerns that high inflation will last longer than expected. The data came in line with expectations of 8.5% YoY and compared to 7.9% in February. It is the highest level since December of 1981. The Core CPI figure amounted to 6.5% YoY vs exp. 6.6% YoY and compared with 6.4% YoY in February.
EURUSD rose sharply and is testing resistance level at 1.0875. Source:xStation5
Economic calendar: inflation from Canada and GDP from Switzerland 🔎
Morning wrap (17.11.2025)
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