fxstreet.com 10 Feb, 2021 14:15 am

Annual Core CPI edges lower to 1.4% in January vs. 1.5% expected

Annual Core CPI edges lower to 1.4% in January vs. 1.5% expected
Inflation in the US, as measured by the Consumer Price Index (CPI), declined to 0.3% on a monthly basis in January, the data published by the US Burea

US Dollar Index retreats to 90.Market reaction With the initial reaction, the US Dollar Index pushed ower and was last seen losing 0.p US Dollar Index in fresh lows near 90.30 ahead of US CPI, Powell The greenback, in terms of the US Dollar Index (DXY), remains on the back footing so far this week and now tests fresh lows near 90.

Two-week-old rising trend line lures the bulls, 10-day SMA restricts immediate downside.p XAU/USD loses traction before reaching $1,850, tests trend line XAU/USD clings to modest daily gains around $1,840.

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