USD jumps on new inflation news. Consumer Price Index increases.

December 14, 2007 - Forex Economic News

The U.S. dollar increased today against most major currencies on inflation news out of the U.S. The Consumer Price Index increased 0.8 percent in November compared to a 0.3 percent rise in October and 4.6 percent higher than Novermber 2006 according to data released by the Department of Labor. This increase in CPI was the most since September 2005 which saw a 1.2 percent gain. Core CPI, which doesn't include food and energy prices, was up 0.3 percent for November after five consecutive months of 0.2 percent gains. Today's data may put a hold on the U.S. Fed from cutting interest rates again in January as there is a new risk in having to contain inflation. See the CPI report here. The EUR/USD pair is trading at 1.4446 today around 1pm EST.

More Forex Trading Rates:

EUR/JPY 163.80
USD/JPY 113.39
AUD/USD 0.8624
USD/CHF 1.1526
GBP/USD 2.0217
AUD/JPY 97.7975
EUR/GBP 0.7145
EUR/CHF 1.6650
CHF/JPY 98.3819

Tags: Core CPI, CPI, Currency Trading Rates, Forex Rates, USD---------- Blog index