US Economic Data On A Role

I forgot to mention today's important release of CPI data in my blog entries this week.

Well, it turns out that CPI came in unchanged after analysts expected a 0.2% increase. At the same time industrial production also increased 0.2% after two months of declines. The FED might as well pat themselves on the back. With the economy resilient, the FED wont be in any rush to lower rates, and will continue to keep an eye on inflation.

This news was more than enough for the USD to continue gaining. And just this week I was fearing an extensive EUR/USD trend, but looks like it stopped in its tracks!