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US: CPI rose 1.1% YoY in April

FXstreet.com (Barcelona) - The Department of Labour has informed that US consumer prices rose 1.1% on a yearly basis during April, missing expectations at 1.3%.
On a monthly basis, prices contracted 0.4% vs. -0.2% expected.

Core CPI, which strips food and energy costs, rose 1.7% over the last twelve months, missing the median at 1.8%. Prices rose 0.1% MoM, below forecasts at 0.2%.

US Initial Jobless Claims add 360K in May 10 and Continuing obtain 3.009M

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Forex: USD/CAD retraces back to 1.0183/84 following American CPI

The USD/CAD lost steam at the 1.0209 level (intraday high) earlier today during European trading before easing back below the 1.0200 barrier. American trading has certainly provided an impetus for the pair however, and with the advent of a healthy dose of North American data, the pair has continued its descent to 1.0183/84.
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