Annual inflation rate in the US rose to 1.7%% in February from 1.4% in the previous month, in line with market expectations of 1.7%. US core consumer price inflation, which excludes volatile items such as food and energy, fell to 1.3% in February from 1.4% in January and below market expectations of 1.4 %.
On a monthly basis, Consumer prices went up to 0.4 % in February following 0.3% rise in January, in line with market forecasts of 0.4% increase . Core consumer prices, which exclude volatile items such as food and energy,fell to 0.1 % in January, missing market expectations of a 0.2 % advance.
EURUSD broke above the 1.1905 resistance after today's data releases. Source:xStation5
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