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13.09.202215:12 Forex Analysis & Reviews: EUR tumbles post-US inflation

The H4 chart of EUR/USD:

Exchange Rates 13.09.2022 analysis

The euro tumbled post-US inflation.

Consumer prices in the United States grew by 0.1% compared to the expectations of a 0.2% drop.

Core inflation accelerated by 0.6%, above the market forecast of a 0.4% rise.

Although the increases are insignificant, the Federal Reserve is unlikely to slow down the pace of rate hikes.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2024
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