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EUR/USD Bounces After US CPI Disappoints

April 14, 2016 by

EUR/USD was slowly gravitating to the downside during the current trading session but bounced after the release of mixed US economic data. While unemployment claims made a pleasant surprise to dollar bulls, falling unexpectedly, consumer prices spoiled the mood, rising less than had been forecast.

CPI increased 0.1% in March on a seasonally adjusted basis, less than analysts had predicted (0.2%). The index decreased 0.2% in February. (Event A on the chart.)

Initial jobless claims fell from 266k to 253k last week while forecasters had promised a rise to 270k. (Event A on the chart.)

EUR/USD as of 2016-04-14

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