February 14, 2012 2:07 PM GMT
The U.S Department of Labor released the latest index of the U.S import Price today, where the Index surged 0.3 percent in January, after falling 0.1 percent and in line with median estimates.
While for the yearly basis, the U.S import Price Index gained 7.1 percent in the past month, below the prior estimates of 8.5 percent and slightly below median estimates of 7.2 percent.
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.
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