US Dollar Fell After Weak CPI Data
The US dollar remains weak against most major currencies. The euro strengthens against the background of the weakness of the US dollar. The Japanese yen and the Swiss franc are still trading as the strongest currencies.
The US consumer price index rose just 0.1% mom in July, with forecasts at +0.2% mom. On an annual basis, the US consumer price index rose to 1.7% yoy, but missed expectations at 1.8% yoy. On annual basis, core CPI was unchanged at 1.7% yoy, in line with consensus.
The consumer price index in Germany was completed at 0.4% mom and 1.7% yoy in July.