1:32 PM · 13 December 2022

BREAKING:USD weakens sharply on upbeat CPI inflation data

EUR/USD

Forex

The annual inflation rate in the US slowed for a 5th month to 7.1% in November, from 7.7% in October and below forecasts of 7.3%.
The core CPI reading, which excludes food and energy, fell to 6.0 % YoY in November, from 6.3% in October and compared with market expectations of 6.1%.

EURUSD broke above 1.0600 resistance. Source:xStation5

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