Forex: Dollar edges down after U.S. CPI

By IBTimes Staff Reporter | December 16 2009 8:43 AM

FXstreet.com (Barcelona) - The Dollar has eased somewhat, specially against Euro and Yen after the release of U.S. CPI data, which has increased in November, driven by higher energy prices.

Sponsorship Link

USD CPI has increased at a 0.4% pace in November, following a 0.3% in October, due to higher energy, which have increased 1.5%. The Core CPI, which extracts the influence of volatile energy and food prices, has remained unchanged in November, after a 0.2% increase in October.

EUR/USD has risen from 1.4540 to 1.4555 after the release of CPI data although the pair returned to 1.4540 shortly afterwards, while the USD/JPY dropped from 89.80 pre-CPI to 89.65 after CPI data was released.

.

More in Forex