U.S. Inflation Data - Ester Holdings
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U.S. Inflation Data

  • Core Consumer Price Index (CPI) (y/y) (Mar), fact 2.0%, forecast 2.1%.
  • Core Consumer Price Index (CPI) (m/m) (March), fact 0.1%, forecast 0.2%.
  • Consumer Price Index (CPI) (m/m) (March), fact 0.4%, forecast 0.3%.

The report on the consumer price index (CPI) in the US for March was more negative, showing a slowdown in inflation. The exception was the Consumer Price Index (CPI) (m/m), which unexpectedly rose. At the same time, core consumer price index (CPI) (m/m) of the USA slowed down, indicating a decline in the CPI and putting pressure on the American dollar.

Fig. 1. U.S. core consumer price index (CPI) (m m) chart

The dynamics of the US dollar index, despite the weak data on inflation in the US, remains multidirectional on the comments of the ECB President M. Draghi.

The US dollar index actually expects drivers to move, limited to Tuesday’s trading range from 96.90-80 to 97.10. In the face of declining volatility and the absence of negative comments Draghi on the euro.

The US dollar is likely to resume its decline.

Fig. 2. The US dollar index chart. The current price is 97.00 (10-year government bonds yield is the blue line)

Read also: “Fundamental analysis: interest rate and its impact on the exchange rate”

Hanzenko Anton


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