BREAKING: USD weakens as CPI inflation surges to highest level since December 1981

1:35 PM 12 April 2022

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  

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits