News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
EURUSD Shrugs Off US Imports Inflation Data

EURUSD Shrugs Off US Imports Inflation Data

2017-04-12 13:01:00
Oliver Morrison, Analyst
Share:

Talking Points

- US import inflation drops by 0.2% as expected.

- The drop is put down to falling petrol costs.

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar.

US import inflation edged lower by 0.2% month-on-month in March, in line with analyst forecasts. That’s the biggest fall in seven months, after the previous month’s upwardly revised rise of 0.4%, and put down to falling petrol costs. The year-on-year measure beat the estimated 4.0% increase, rising 4.2%, but that’s still a deceleration from the 4.8% y-o-y rise in February.

EUR/USD was little moved by the data. Oil prices look to be on the march again amid rising geopolitical tensions. Meanwhile, domestic US inflation is rising, although it’s still slightly the US Federal Reserve’s target.

EURUSD 15-Minute Chart (Intraday, April 12)

EURUSD Shrugs Off US Imports Inflation Data

.

Chart by IG

--- Written by Oliver Morrison, Analyst

To contact Oliver, email him at oliver.morrison@ig.com

Follow Oliver on Twitter @OPWMorrison

If you’re looking for trading ideas, check out our Trading Guides; they’re free and updated for the first quarter of 2017

If you’re looking for ideas more short-term in nature, please check out our Speculative Sentiment Index indicator (SSI)

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES