The widely watched US CPI inflation for April has just been released and showed that price growth eased slightly compared to March. The headline inflation dropped to 8.3% YoY in April from 8.5% in March vs expected 8.1% YoY. The Core CPI figure came in above the consensus estimate as well as it amounted to 6.2% YoY vs exp. 6.0% YoY and compared with 6.5% YoY in previous month.
EURUSD - today’s data provided some fuel for bears. The main currency pair is currently may be heading towards short-term support zone in the 1.0480 area. Source: xStation
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