Core inflation in the US rose more than expected in July. US Dollar Index stays in the negative territory near 93.60 after the data. Inflation in the US, as measured by the Consumer Price Index (CPI), remained steady at 0.6% on a monthly basis in July, the report published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI rose from 0.6% to 1%. Further details of the publication revealed that the core CPI, which strips the volatile food and energy prices, jumped from 1.2% to 1.6% and came in higher than analysts’ estimate of 1.1%. Market reaction The US Dollar Index paid little to no mind to these figures and was last seen posting small daily losses at 93.61. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ChainLink Technical Analysis: LINK sees another 14% price explosion after brief and healthy consolidation FX Street 2 years Core inflation in the US rose more than expected in July. US Dollar Index stays in the negative territory near 93.60 after the data. Inflation in the US, as measured by the Consumer Price Index (CPI), remained steady at 0.6% on a monthly basis in July, the report published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI rose from 0.6% to 1%. Further details of the publication revealed that the core CPI, which strips the volatile food and energy prices, jumped from 1.2% to 1.6% and came in higher than analysts' estimate… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
