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EUR/USD Drops After US CPI Matches Market Expectations

January 11, 2019 by

EUR/USD fell today after a report showed that US consumer inflation slowed last month but was within expectations. A report on treasury budget was planned for today, but it was postponed indefinitely due to the government shutdown.

CPI declined 0.1% in December on a seasonally adjusted basis, in line with market expectations, after showing no change in November. (Event A on the chart.)

Yesterday, a report on seasonally adjusted initial jobless claims was released, showing a drop to 216k last week from the previous week’s revised level of 233k. Analysts had predicted a bigger number of 226k. (Not shown on the chart.)

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