FXstreet.com (FXstreet.com (Barcelona) - The EUR/USD has broken the 1.3070 important resistance and it is rising above the 1.3100 level and pushing fresh intraday high at 1.3145 after the better than expected Feb US current account and CPI data. The USD has sold off following the US Data releases and ahead of the FOMC decision.
US Feb current account has reduced its deficit from the 181.3 billions to 132.8 usd billions, a better than expected data of 137.1 billion of current account deficit, reaching the smallest deficit in 5 Years.
CPI was posted at 0.4% between January and February and 0.2% year over year. CPI ex food and energy was posted at 1.8% in Feb, an increases from 1,7% posted in january.