CPI — News Archive


Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

Pound Declines Against US Dollar on Weak UK Inflation Data

The British pound today declined against the US dollar after the release of weak UK inflation data as tracked by the Consumer Price Index. The pound retraced most of yesterday’s gains as demand for the US dollar increased across the board.

Euro Rallies Higher on German Coalition Talks Breakthrough

The euro today rallied higher against the US dollar after news emerged that Angela Merkel was finally on the verge of forming a coalition government. The euro extended yesterday’s rally, which was triggered by the hawkish European Central Bank minutes, as the German political headlines ended months of uncertainty.

Euro Rallies Higher Against US Dollar on Last 2017 Trading Day

The euro today rallied higher against the US dollar mainly boosted by weak US Treasury yields, which contributed significantly to the greenback’s overall weakness. The release of the German CPI data for December could have also contributed to the single currency’s rally despite recording a slight decline.

USD/JPY Drops on Japanese Data, BoJ Summary of Opinions

The Japanese yen gained on the very soft US dollar today thanks to better-than-expected macroeconomic data released in Japan over the trading session and signs that some policy makers want to end the era of ultra-loose monetary policy. The currency showed mixed performance versus other most-traded peers.

Canadian Dollar Rallies Against US Dollar on Canada and US Data

The Canadian dollar today rallied massively against its US counterpart after Canada’s CPI print for November was recorded at the highest level since January. The loonie’s rally against the greenback was also boosted by the release of third quarter US GDP growth data, which missed expectations.

EUR/USD Rallies After Final Estimate of November CPI

The euro gained on the US dollar today, finding help in domestic macroeconomic data and the weakness of the greenback. The shared 19-nation currency also rallied against the Japanese yen but fell against other most-traded currencies, including the Great Britain pound and the Swiss franc.

EUR/USD Rallies Higher on US CPI Data Ahead of FOMC Decision

The EUR/USD currency pair today rallied to new highs during the early American session after the release of US CPI data by the Bureau of Labor Statistics. The currency pair had earlier dropped to new daily lows after an increase in US Treasury bond yields, which increased demand for the greenback.

Yuan Stable Despite Consumer Inflation Missing Expectations

The Chinese yuan was stable today even though consumer inflation data released over the weekend missed expectations.

Japanese Yen Gets Support from Good Domestic Reports

The Japanese yen rose a bit against its major peers today thanks to the supportive macroeconomic reports released in Japan during the current trading session.