According to the monthly inflation report published by the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) on a yearly basis in April rose to 2% from 1.9% but fell short of the market expectation of 2.1%. The core CPI, which excludes volatile food and energy prices, came in at 2.1% annually in April. On a monthly basis, the CPI and the core CPI rose 0.3% and 0.1%, respectively.
The initial reaction to the inflation data weighed on the greenback and the US Dollar ındex was last seen losing 0.15% on a daily basis at 97.27.
Source : Fxstreet