FXstreet.com (Barcelona) - Consumer prices have dropped at a 2.1% annual pace in July, their fastest annual pace since 1950; while month on month prices have remained unchanged: Dollar and Yen have been favoured.

Excluding food and energy, the so-called Core CPI has edged up 0.1% while it rose 1.5% in the last twelve months.

The Dollar has risen against Euro and Pound and dropped against Yen. EUR/USD dropped from 1.4295 to levels around 1.4280 immediately after CPI data was released, while GBP/USD dropped from levels right above 1.6600 to 1.6590 low although it is returning above 1.6600.

USD/JPY decline from 96.45 high yesterday has extended after U.S. CPI data was released, to a fresh week low at 94.55.

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