U.S Annual CPI Rises to 2.0%, EZ CPI Drops Slightly to 2.6%, Euro Strengthens - 16.10.2012

The Consumer Price Index in the US over the last 12-months rose in September at 2.0% up from 1.7% in August, according to the Bureau of Labor Statistics. The annual Core CPI (ex Energy & Food) rose to 2.0% in September up from 1.9% in August, confirming market consensus. Earlier today the Eurozone CPI fell slightly to 2.6% in September down from 2.7% in August while the Core CPI excluding the most volatile items remained the same at 1.5% in September. The common currency against the greenback rose to 1.3061 on investor’s optimism ahead of EU summit on Thursday and was supported by the better than expected CPI data.

EURUSD 10 Minute Chart