The main currency pair fell to the levels of late March, but the sales don’t continue no more.
The EUR/USD pair is still under pressure near the levels of late March, but sellers seem to have reached their ceiling today. The current quote for the instrument is 1.1280.
The market has paid a little attention to the statistics on the inflation in the Eurozone published today, because the numbers almost matched the forecasts. But the similar data from the USA may attract emotional investors.
The Consumer Price Index in the USA in March increased by 0.1% m/m against the expected number of 0.2% m/m. On a year-on-year basis, the indicator increased by 0.9% against the predicted number of 1.1% y/y. Curiously, the core inflation on a month-on-month basis matched the actual numbers. It appears that not only the commodity market and its fluctuations put pressure in the CPI, but insufficient domestic demand.
The statistics on the inflation was very weak, thus allowing the Euro to win back some positions against the US Dollar.
The number of jobless claims in the USA over the previous week decreased up to 253 thousand, which is the lowest since 1973. The American employment market still excites admiration with its stability. The expected number was 270 thousand.
Numbers from the employment market may the US Dollar with an impulse a bit later, after the market “processes” the negative influence of the inflation numbers.
RoboForex Analytical Department
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