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EUR/USD Rallies After Core US CPI Misses Mark

March 12, 2019 by

EUR/USD rallied today following the release of US inflation data. While the headline figure matched expectations, underline inflation slowed unexpectedly.

CPI rose 0.2% in February, matching analysts’ expectations exactly. The index showed no change in January. Core CPI rose just 0.1%, whereas market participants were expecting the same 0.2% rate of growth as in the previous month. (Event A on the chart.)

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