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EUR/USD Shrugs Off Pressure from Positive US CPI

EUR/USD fell today after the release of the US Consumer Price Index, which exceeded market expectations. Yet the currency pair quickly recovered and is now trading above the opening level.

CPI rose 0.4% in August, exceeding the previous month’s growth of 0.1% and exceeding the forecast of 0.3%. (Event A on the chart.)

Initial jobless claims dropped from 298k to 284k last week, surprising analysts who had anticipated an increase to 303k. (Event A on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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