OctaFX | OctaFX Forex Broker
Open trading account
Back

Dollar loses ground across the board after US CPI- FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that the USD fell against other currencies following the release of disappointing US CPI data for August.

Key quotes

"But market movements remain limited ahead of FED economic policy decision later on the day."

"The EUR/USD retraces from a high of 1.2980 finding short term sellers on approaches to the 1.3000 figure."

"The 1 hour chart shows no directional strength coming from technical readings as it has been over the past sessions, with all eyes now placed on the outcome of the FED meeting."

"Levels to watch then will be 1.3000 figure to the upside, or 1.2880 to the downside as a break of either extreme will likely set the trend for the upcoming days."

United States EIA Crude Oil Stocks change registered at 3.673M above expectations (-0.9M) in September 12

Read more Previous

GBP/USD surfing the poll-wave; up to 1.6360

Another day and another poll that says, this time, the 'No' is the winning option with, OMG!, the 52%. Then the GBP/USD added a few pips to its uptrend and it reached the highest level since September 4 at 1.6360.
Read more Next
Start livechat