FXstreet.com (Barcelona) - U.S. markets have opened Friday's session with slight declines after U.S. CPI data triggered risk aversion. The Dollar picked up against Euro and dropped against the Yen.

Dow Jones Industrials Index trades 0.47% down, while the Nasdaq Index sheds 0.66% and the S&P Index drops 0.47& half an hour after the opening bell.

On the macroeconomic front, U.S. 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.

Dollar and Yen favoured by risk aversion

EUR/USD failed on its second attempt to break above 1.4300 resistance area, and, after having hit 1.4307, the pair, weighed by U.S. CPI data has dropped to levels around 1.4260, with intra-day low at 1.4255 on sight.

GBP/USD is holding better than the Euro as the Pound remains at levels right below resistance level at 1.6600 after having reached 1.6605 before CPI data was released. At the moment the ^Pound trades at 1.6590.

USD/JPY rejection at 96.45 high yesterday extended to levels below 95.00 before U.S. CPI data was released, and the Dollar dropped to test support at 94.65 at the time of writing.