The widely watched US CPI inflation for June has just been released and showed a massiveĀ acceleration in price growth, raising further concerns that high inflation will last longer than expected. The data came in above expectations as the headline inflation remainedĀ rose to 9.10%Ā Ā YoY in June vs expected 8.8% YoYĀ and compared to 8.6% in May. The Core CPI figure came in above consensus estimate as well as it amounted to 5.9% YoY vs exp. 5.7% YoY and compared with 6.0% YoY in previous month.
EURUSD fell sharply and is approachingĀ parity. Source:xStation5Ā Ā
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