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: Central banks vs global risks to inflation (05.03.2026)
Strong Service ISM Reading as activity expanded most since 2022
BREAKING: Stronger than expected ADP fails to support the dollar 🇺🇸
Economic calendar: ADP Labor market report and ISM services 🔎