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US: CPI (MoM) beats consensus of 0.5%, rises by 0.7% in February

FXstreet.com (Barcelona) - The February CPI data in the US rose by 0.7% instead of the expected 0.5%. The annualized figure improved from 1.6% to 2.0%, also beating the 1.5% consensus. Excluding food and energy data came in as expected, at 0.2% (MoM) and from 1.9% to 2.0% (YoY).

Seasonally adjusted Core data rose from 232.11 to 232.51, with the monthly figure rising from 230.28 to 232.17, above 232.10 consensus.

US: NY Empire State Building Manufacturing Index down to 9.24 in March

Disappointing market consensus, the NY Empire State Building Manufacturing Index dropped from 10.04 to 9.24 in March, below the expected 10.0.
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Forex: EUR/USD eyes 1.3100 after US CPI

Further USD weakness after the US inflation figures and the NY Empire State manufacturing index is lifting once again the single currency to fresh intraday highs in the vicinity of the key resistance at 1.3100...
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