The EUR/USD was gradually falling to the drawback during the current trading period but bounced after the announcement of diverse US economic report. While recession claims created a pleasant amazement to the Dollar bulls, decreasing suddenly, consumer prices damaged the mood, increasing less than had been predicted.

CPI rose 0.1% in March on a regularly adjusted basis, lower than forecasts had anticipated (0.2%). The ratio reduced 0.2% in February. (Event A on the chart.)

Initial unemployment claims decreased from 266k to 253k last week while analysts had guaranteed an increase to 270k. (Event A on the chart.)

The EUR USD Decline After The US CPI Frustrate

Mike N
Mike N

Financial Trading Systems Design Expert

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