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Fundamental Forex Analysis

Annual core CPI drops to 1.4% in April vs. 1.7% expected

  • Inflation in the US falls more than expected in April.
  • US Dollar Index stays in the negative territory below 100 after the data. 

Inflation in the US, as measured by the Consumer Price Index (CPI), slumped to 0.3% on a yearly basis in April from 1.5% in March. The core CPI, which excludes volatile food and energy prices, dropped to 1.4% and fell short of the market expectation of 1.7%.

On a monthly basis, the CPI and the core CPI came in at -0.8% and -0.4%, respectively.

Market reaction

These readings were largely ignored by the market participants. As of writing, the US Dollar Index was down 0.42% on the day at 99.82.

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