The USD can’t find any support. Overview for 11.04.2018
The main currency pair is rising; the statistics from the USA didn’t support the American currency.
EURUSD continues trading upwards on Wednesday evening. The current quote for the instrument is 1.2371.
Today’s statistics on the US Consumer Price Index were a surprise. The indicator lost 0.1% m/m, which is the first negative reading since May 2017. On YoY, the CPI increased up to 2.4% in March after being 2.2% in February. Over the last month, the US inflation was pushed upwards by prices for fuel, medical care, and food products. On the other hand, prices transportation services decreased a bit.
Later in the evening, the US Federal Reserve will publish the FOMC Meeting Minutes that took place earlier. It was the first meeting with Jerome Powell as the regulator’s Chairman, that’s why investors are very eager to find any hints at future fiscal activities of the FOMC.
In this light, EURUSD might get more volatile after the report is published.
RoboMarkets Analytical Department
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