U.S Core CPI Falls 0.1%, USD Slides!


The U.S consumer price inflation rose 0.4%, from 0.1% in the preceding month, meeting a forecast of 0.4%. Core CPI fell 0.1%, from 0.2% a month earlier. Analysts had ex[ected to remain unchanged at 0.2% as the previous month. This development is likely to bring a buying opportunity for the USD But the important question arises strongly; How this news affects the Federal Reserve’s decision today? Will the Fed raise rates as expected or it will leave things as they are?!!

EURUSD: still bearish below 1.1809/1.1847

GBPUSD: bearish below 1.3380, eyes the 1.3230 levels.

USDJPY: Bullish but hesitates ahead of the 113.50 levels, support comes at the 113.08/112.21 levels…

USDCHF: Pulls back below 0.9950, but pullback should be contained well, by the 0.9854 levels…

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